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Diana Patricia
Diana, 35, is a single mother, full of dreams and with a positive outlook. She has been working as a machine operator in different workshops in the city for fifteen years. However, she is now thinking of starting her own workshop, together with her 18-year-old daughter. In order to make her dream come true, she needs to buy an overlock machine, but she does not have the money required to make this investment. For this reason, she is requesting a loan with which she will realize her enterprise project.

"My mother is a dreamer, she is always striving to give me the best, and this is why I spend my free time next to her, learning from her". These are her daughter’s words, who feels proud of Diana and hopes that her business can one day become a large company.
View original language description ↓
Diana es una mujer de 35 años de edad, madre soltera, llena de sueños y con una mirada hacia el futuro prometedora. Desde hace 15 años ha laborado como operaria en diferentes talleres de la ciudad. Pero hoy tiene la convicción de montar su propio taller, el cual trabajará en conjunto con su hija de 18 años. Para cumplir su sueño ella necesita comprar una fileteadora pero no cuenta con el dinero para realizar esta inversión, por lo cual solicita un crédito con el que comenzará a materializar su proyecto de empresa.
“Mi madre es una mujer soñadora que siempre anda en búsqueda de lo mejor para mi, por esto en mi tiempo libre me dedico a aprender a su lado”. Estas son las palabras de su hija, la cual se siente muy orgullosa de su madre y espera que su negocio pueda convertirse algún día en una gran empresa.

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
  • 248
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Diana Patricia to buy an overlock machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014