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Maria Leonilde
Maria learned the activity of sewing working for a long time in other businesses. A while ago, with some savings she has and with her husband's financial hope, she opened her own sewing workshop in her house. In this way, she has been able to work at home and be able to care for her 4 children. This has improved her family's quality of life. Despite the financial difficulties she has in her business, she has been able to overcome them by working hard with long hours. That is why, although she started with a basic machine, she now has the opportunity to generate employment and she has very good customers. Since she needs to increase her production capacity, Maria is seeking a loan to buy a flas sewing machine that will allow her to increase production capacity to respond to her customers' orders.

Her dream is to have a bigger workshop where she can generate another job and also improve family income to have a better quality of life in her home.
View original language description ↓
Maria aprendió la actividad de la confección trabajando en empresas durante mucho tiempo, y ya desde hace un tiempo con unos ahorros que tenía y la ayuda económica de su esposo, montó su propio taller de confección en su casa. De esta manera ha podido trabajar desde su casa y así estar pendiente del cuidado de sus 4 hijos, lo que ha mejorado la calidad de vida de su familia. Pese a las dificultades económicas que tiene, en su negocio ha podido superarlas trabajando fuertemente con largas jornadas de trabajo, y por esto aunque comenzó trabajando con una máquina básica, ahora tiene la oportunidad de generar un empleo y tiene muy buenos clientes. Como necesita aumentar su capacidad de producción, Maria busca un préstamo para comprar una máquina plana que le permita aumentar su capacidad de producción para responder a los pedidos de sus clientes.

Su sueño es poder tener un taller más grande donde pueda generar otro empleo y además de esto poder mejorar los ingresos familiares para tener una mejor calidad de vida en su 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
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maria Leonilde to buy a flat sewing machine that will allow her to increase her production capacity to respond to her customers' orders.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013