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Anyela Andrea
Anyela learned how to manufacture shoes when still very young and thanks to this managed to get a good job in a firm where she worked for nine years. When she got married and had her son who is now 13-years-old she decided to leave her job and start a shoe-making workshop at home so that she could care for her son and improve the quality of life they had at home.

Despite not having much capital, her efforts made it possible for the business to move forward but because of her lack of capital and the great amount of competition in this sector she went bankrupt six years ago and has to look for other alternatives to get ahead. With enormous effort she’s managed to recuperate the business and continue working to generate household income and seeking now to find a way to continue making progress is looking for financing to buy an industrial sewing machine and raw materials needed for shoe repair. In this way she will overcome this problem of capital that has prevented her from responding to large customer orders and she will be able to continue making progress with her family and improving the quality of life at home.
View original language description ↓
Anyela aprendió desde muy joven la actividad de la fabricación de calzado, y gracias a esto logró ubicarse laboralmente en una buena empresa donde trabajó durante 9 años. Debido a que se casó y tuvo su hijo el cual ahora tiene 13 años de edad, Anyela tomó la decisión de dejar su trabajo y montar el taller de fabricación de calzado en su propia casa, para así poder cuidar de su hijo y mejorar la calidad de vida que le ofrecía en el hogar. A pesar de no contar con mucho capital su esfuerzo le permitió sacar el negocio adelante, pero debido a esta dificultad de capital que tiene y a la gran competencia del sector, hace 6 años entró en banca rota y tuvo que buscar alternativas que le permitieran salir adelante. Con un esfuerzo enorme ha logrado recuperar el negocio y continuar trabajando para generar ingresos para el hogar, y buscando ahora seguir progresando busca un préstamo para comprar una máquina industrial de cocer y materia prima para la reparación de calzado.

De esta forma logrará superar esta dificultad de capital que no le ha permitido responder a grandes pedidos que tiene de sus clientes y seguirá progresando junto a su familia mejorando la calidad de vida del 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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Anyela Andrea to buy an industrial sewing machine and shoe repair supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 25, 2014