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Maria Soledad
María has ten years’ experience making clothes and worked for a firm for many years. But because the father of her children abandoned them some time ago, María was left in charge of all household obligations. She lives with her two children and she must insure a good quality of life for them.

Seeking to earn higher income, María set the difficult goal of setting up her own sewing workshop and about a year ago started her own workshop that although she started out with little capital, she’s managed to move forward thanks to her constant efforts. In order to provide better customers service, María is looking for a loan to buy a straight-stitch sewing machine to be able to offer all-inclusive sewing services.

Her greatest dream is that her two children have access to a good quality education and in future to a university education. She also hopes her sewing workshop will move forward and one day employs other very needy people.
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Maria tiene experiencia de 10 años en la actividad de la confección y trabajó durante mucho tiempo en una empresa, pero debido a que el padre de sus hijos la abandonó hace un tiempo, Maria ha quedado a cargo de las obligaciones de su hogar donde convive con sus 2 hijos y a quienes les debe garantizar una buena calidad de vida. En busca de tener mayores ingresos, Maria se puso en la ardua tarea de montar su propio taller de confección, y ya hace un año aproximadamente que montó su taller el cual a pesar de iniciarlo con muy poco capital, ha logrado sacar adelante con el esfuerzo que hace diariamente. Buscando ofrecer un mejor servicio a sus clientes, Maria busca un préstamo para comprar una máquina plana con la que pueda ofrecer el servicio de confección completo.

Su mayor sueño es que sus 2 hijos tengan acceso a una educación de buena calidad y en un futuro a una educación universitaria. Además aspira a que su taller de confección pueda salir adelante y algún día generar empleo para otras personas muy necesitadas.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Maria Soledad to buy sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013