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Alejandra Magdalena
Alejandra is a young, 22 year old entrepreneur. Her business activity is making clothes. Thanks to this, she generates income with which she is able to contribute, with her mother, to covering their expenses. She also helps her life partner cover their household expenses and her ten month old son’s expenses.

She learned this business activity from her mother at a very early age. Her mother devoted herself to this business activity, and thanks to this Alejandra managed to acquire great experience so that her customers receive very good work.

With some savings and great effort she managed to buy a machine with which she started to offer, from home, her sewing services to third parties. Thanks to the fact that it has been progressing little by little, she has been buying the machines needed to offer her customers good service.

Due to the fact that she does not have all of the machines needed to finish sewing the garments, she needs to pay a third party to do some sewing processes. This reduces her profits considerably. That is why she now looks to a loan to buy an overlock machine and an upholstery machine in order to be able to have the machinery she needs to be able complete the process of making the clothes.

Her profits will increase considerably this way. She will not have to pay high costs to another person to do the sewing process that she could not do in her shop due to lack of machinery. Her biggest dream is to have a large sewing shop and to provide her ten month old son with a stable financial future and a good quality of life.
View original language description ↓
Alejandra es una joven emprendedora de 22 años de edad que se dedica a la actividad de la confección y gracias a esto genera ingresos con los cuales puede contribuir con su madre para sostener sus gastos y también ayuda a su pareja para sostener los gastos de su hogar y los gastos de su hijo de 10 meses de nacido. Desde muy temprana edad aprendió la actividad de su madre quien se dedicaba a esta actividad y gracias a esto logró adquirir una gran experiencia para que sus clientes reciban un muy buen trabajo. Con unos ahorros y un gran esfuerzo logró comprar una máquina con la que comenzó a ofrecer el servicio de confección a terceros desde su hogar, y gracias a que ha ido progresando poco a poco ha ido comprando las máquinas necesarias para ofrecer un buen servicio a sus clientes. Debido a que no cuenta con todas las máquinas necesarias para hacer la confección completa de la prenda, debe pagar a un tercero para que realice ciertos procesos de la confección, y esto hace que sus beneficios se reduzcan considerablemente; es por esto que ahora que tiene la oportunidad busca un préstamo para comprar una máquina fileteadora y una máquina recubridora para poder contar con la maquinaria necesaria para poder realizar el proceso completo de la confección de las prendas.

De esta manera sus beneficios aumentarán considerablemente, pues ya no tendrá que pagar altos costos a otra persona para realizar los procesos de confección que no podía hacer en su taller por falta de maquinaria. Su mayor sueño es tener un gran taller de confección y ofrecerle a su hijo de 10 meses de nacido un futuro económico estable y una buena calidad de vida.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    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 Alejandra Magdalena to buy an overlock machine and an upholstery machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014