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Linsay
Linsay is a 33-year-old woman. She is married with two children. She lived in Spain and due to the difficult situation in Spain she had to return to Columbia her native country. In order to seek means of supporting her family, she decided with her husband rent sewing machines to make clothing to generate income.

Currently, she is seeking a loan to purchase sewing machines to improve her economic situation and offer her children a better quality of life. Her biggest wish is to have a strong business, but she knows that it takes time. The most important thing is to start to build her dream.
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Linsay es una mujer de 33 años de edad, casada y con dos hijos. Vivía en España y debido a la difícil situación por la que atraviesa el país se vio en la obligación de retornar a Colombia su país de origen.
En búsqueda de un empleo como medio de sostenimiento para ella y familia, decidió en conjunto con su esposo alquilar unas máquinas de coser para confeccionar ropa y generar ingresos para su hogar. Hoy está en búsqueda de un crédito que le permita comprar las máquinas para mejorar su situación económica y ofrecerles a sus hijos una mejor calidad de vida. Su mayor anhelo es poder montar una gran empresa pero sabe que eso lleva su tiempo y que lo más importante es empezar a construir ese sueño.

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
  • $13,171,600
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Linsay to purchase sewing machines.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013