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Maria Isabel
Maria Isabel is a very entrepreneurial and hard working person who has managed to move forward gradually from the economic situation that accompanied her family previously since she comes from a family with great economic difficulties and now, with her business, she has been able to offer her parents a better quality of life. Some time ago she started her own shop with some basic machines where she offered the service of making clothes and, thanks to the good quality of her products, now she has very good orders from various companies which allows her to have some income which supports her home and offers her parents a good quality of life. Despite the great hardship that she has faced in life, Maria Isabel always has been very happy and hard working and, from working every day, has managed to overcome those difficulties and continues to progress. Currently, she dreams to make her own clothing line and for this she is looking for a loan to buy materials like fabric and thread to make her own clothing line.

Maria Isabel long that in this manner her income will increase considerably and her shop will also keep growing so she can have a greater quality of life and also be able to offer jobs in her shop to the people who need them most.
View original language description ↓
Maria Isabel es una persona muy emprendedora y luchadora que ha logrado ir saliendo adelante poco a poco de la situación económica que acompañaba a su familia anteriormente, pues proviene de una familia con grandes dificultades económicas y ahora con su negocio ha podido ofrecerles a sus padres una mejor calidad de vida. Desde hace un tiempo montó su propio taller de confección con unas máquinas básicas donde ofrece el servicio de confección a terceros; y gracias a la buena calidad de sus productos ahora tiene muy buenos pedidos por parte de varias empresas, lo que le permite tener unos ingresos con los cuales sostener su hogar y ofrecer a sus padres una buena calidad de vida. A pesar de las grandes dificultades que le ha presentado la vida, Maria Isabel siempre ha sido muy alegre y luchadora, y esforzándose todos los días ha logrado superar estas dificultades y continuar progresando. Actualmente tiene el sueño de fabricar su línea propia de prendas de vestir, y por esto busca un préstamo para comprar insumos como telas e hilos para fabricar su línea propia de prendas de vestir.

Maria Isabel anhela que de esta manera sus ingresos aumenten considerablemente y su taller también siga creciendo, para poder tener una mejor calidad de vida en su hogar y también poder ofrecer empleo a las personas más necesitadas en su taller.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Maria Isabel to purchase materials like fabric and thread to make her own line of clothing.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014