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Flor Angela
Flor worked as a seamstress for 25 years. She retired from the company where she worked because she did not have the strength to travel to her job each day. For this reason, she decided to establish a sewing workshop in her home with some savings and has worked hard to move her business forward. So far Flor has been able to overcome difficulties with capital, but now she does not have sufficient funds to buy a piece of equipment.

Flor is requesting a loan in order to buy a cover-stitch machine so that she can produce items of better quality. Her dreams are to have a better quality of life and to finish the construction of her house.

View original language description ↓
Flor trabajó durante 25 años en la actividad de la confección, y luego se retiró de la empresa donde trabajó porque ya no contaba con las fuerzas para ir hasta la empresa todos los días. Por eso fue que decidió montar su taller de confección en la casa con unos pequeños ahorros y esforzarse mucho para sacarlo adelante. Hasta el momento ha podido ir superando sus dificultades de capital, pero como en el momento no tiene el dinero suficiente para una máquina, Flor está en busca de un préstamo para comprar una máquina recubridora para poder tener una confección de mejor calidad.

Su sueño es poder tener una mejor calidad de vida y también terminar de construir su casa propia.

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
  • 352
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Flor Angela to buy a cover-stitch machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Oct 6, 2012
Currency Exchange Loss:
Nov 17, 2014