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Maria Orfanery
Maria has endured much hardship in her life, but she has come through these challenges with great strength and a desire to get ahead and provide for her children. Displaced from her hometown, she was forced to move with her husband to the city in search of opportunities for their three children. Several years ago, her husband died, leaving her as a single mother of three children and with the sole responsibility of providing for their educational and basic needs. To generate income, Maria sought out someone who could teach her sewing and seamstress skills, so that she could make a living and support her family. After a time, that same teacher helped Maria to open her own sewing workshop, which is now her source of income and helps her to provide for her children.

Thanks to her hard work and effort, she has increased her customer base and demand for her sewing services, and she hopes that her family's financial situation will continue to improve. While she has high customer demand and a high quantity of orders, she does not have the capital necessary to purchase the raw materials to complete those orders. Therefore, Maria is requesting a loan, which she plans to put towards the purchase of input items, such as fabric, thread and tape for completing customer orders.

Her dream is to expand and grow her business, and to eventually create jobs for other people in her workshop. She also wants to continue to work hard so that she can provide for her children and give them a better quality of life, a better education, and one day a stable home in their own house.
View original language description ↓
Maria ha pasado por muchas dificultades en su vida, sin embargo siempre ha tenido la fortaleza para salir adelante y continuar progresando junto con sus hijos. Desplazada de su municipio natal se vio obligada junto con su esposo a buscar en la ciudad mejores oportunidades para sus 3 hijos, y hace unos años su esposo murió y ahora es madre soltera cabeza de familia de sus 3 hijos a quienes les busca ofrecer una educación de buena calidad. Para generar los ingresos encontró una persona que le enseñó la actividad de la confección y durante un tiempo le ayudó para montar su propio taller de confección donde ofrece el servicio de confección a terceros; ahora este taller es la fuente de ingresos con la que ella y sus hijos tienen la oportunidad de sostenerse económicamente. Gracias a su esfuerzo ahora tiene muy buenos pedidos y puede generar un empleo en su taller, y es por esto que espera que su situación económica y la de sus 3 hijos mejore rápidamente. Debido a que tiene grandes pedidos por parte de sus clientes, pero no cuenta con el capital suficiente para poder responder por ellos, Maria busca un préstamo para comprar insumos como telas, hilos y cintas para la producción de los grandes pedidos que tiene por parte de sus clientes.

Su mayor sueño es que su negocio siga saliendo adelante y en un futuro genere empleo para más personas. Además, sigue luchando para que sus hijos tengan una mejor calidad de vida y en un futuro cumplir su sueño de terminarles de brindar la educación y también conseguir su casa propia para ofrecerles un hogar más estable.

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

  • $11,100
    Average annual income
  • 485
    View loans »
    Colombia Loans Fundraising
  • $14,963,250
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria Orfanery to purchase input items, such as fabric, thread and tape for completing client orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014