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Flor Elisa
Flor learned how to sew at a young age and has dedicated most of her life to this activity. This has enabled her to acquire a great deal of experience, which has resulted in a reputation for offering products that are of the highest quality. With a sewing workshop in her house, Flor is able to generate income, contribute financially to her household, and provide her family with a better quality of life.


She received a few orders some time ago, but has not been able to fulfill them due to a lack of capital to buy the materials that she needs. For this reason, she seeks to overcome this difficulty by requesting a loan in order to buy raw materials and sewing supplies that will allow her to complete her customers’ orders. Flor dreams of continuing to develop her business and gradually improving her business revenues. This will enable her to improve the facilities in her home and to have a better quality of life.

View original language description ↓
Flor aprendió desde joven la actividad de la confección y se ha dedicado a esta gran parte de su vida, permitiéndole tener en el momento una gran experiencia, lo que la identifica por tener productos de muy buena calidad. Con un taller de confección que tiene en su casa, genera ingresos con los cuales contribuye económicamente en su hogar para que su familia tenga una mejor calidad de vida. Desde hace tiempo tiene unos pedidos que no ha podido confeccionar por falta de capital para comprar las materias primas que necesita, es por esto que buscando superar esa dificultad de capital Flor busca un préstamo para comprar materias primas e insumos para confeccionar unos grandes pedidos que tiene por parte de sus clientes.

Flor sueña con seguir desarrollando esta actividad y poder poco a poco con las ganancias de su negocio ir mejorando las instalaciones de su casa, para poder tener una mejor calidad de vida.

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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Flor Elisa to buy raw materials and sewing supplies.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014