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Maria Gloria
María is a person who has been noted for the great strength she’s had to overcome life’s adversities. Thanks to this she’s getting ahead with her husband and three children. She’s been sewing for the last ten years in order to generate income to contribute economically to cover household expenses and thanks to the effort she’s put into her workshop she’s attained an improved quality of life at home and has provided her three children with a better quality education.

Last year she had some health issues because she had knee surgery that kept her from working for a long time and this had a negative effect on household economic conditions. She’s now resumed work and is looking for a loan that will make it possible for her to buy raw materials like fabric, needles and thread, among others to make her items and continue to have better economic conditions at home. In this way she’ll be able to restart her work and continue generating income her home requires in order to be in better economic conditions at home.
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Maria es una persona que se ha caracterizado por tener una gran fortaleza para superar las adversidades que se le han presentado en la vida, y gracias a esto hoy puede seguir saliendo adelante junto con su esposo y sus 3 hijos. Desde hace 10 años se dedica a la actividad de la confección en busca de generar ingresos para contribuir económicamente para el sostenimiento de los gastos del hogar, y gracias al esfuerzo que ha puesto en su taller de confección ha logrado mejorar la calidad de vida en el hogar y brindarles a sus 3 hijos una educación de mejor calidad. El año pasado tuvo inconvenientes de salud, pues la operaron de las rodillas y esto hizo que tuviera que dejar de trabajar durante mucho tiempo, lo cual hizo un gran efecto negativo sobre las condiciones económicas del hogar, por esto ahora que ha logrado retomar su trabajo busca un préstamo que le permita comprar materias primas como telas, hilos, agujas, entre otros para sacar adelante sus confecciones y volver a tener mejores condiciones económicas en el hogar.

De esta manera podrá retomar su trabajo y seguir generando los ingresos que requiere en su hogar para brindar una buena calidad de vida, además de poder volver a contar con mejores oportunidades económicas en el hogar.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 276
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Maria Gloria to buy sewing supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013