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Beatriz Elena
Beatriz is 37 years old and the mother of three young children. She has been engaged in the dressmaking business since her youth and because of that, worked in this trade as a dressmaker in a company. After becoming pregnant with her first child, she had to retire because she knew that she needed time to devote herself to caring for her baby. Consequently, she decided to work independently from her home and made arrangements with her neighbors. She saved for several years to purchase an overlock sewing machine and began to make blouses that she sells in Medellín’s city center as well as in Rionegro, Colombia. Her greatest dream is to become a successful entrepreneur, expand her company, and generate employment for many families. Her children are her greatest motivation and she always tries to give them the best so that they have a better quality of life. Currently, she is requesting a loan with which she plans to purchase supplies such as fabric, thread, and needles in order to increase her production capacity in the year-end season
View original language description ↓
Beatriz de 37 años, es madre de tres hijos menores de edad. Se ha dedicado al sector de la confección desde su juventud, debido a que laboró en una empresa de este gremio. Después de quedar embarazada de su primer hijo se tuvo que retirar porque fue conciente que necesitaba el tiempo para dedicarse al cuidado de su bebe. Por lo cual decidió laborar desde su casa como independiente realizando todo tipo de arreglos a sus vecinos. Ahorró por varios años para la compra de una máquina fileteadora, con la cual comenzó a confeccionar blusas que vende en el centro de la Ciudad de Medellín y en el municipio de Rionegro, Colombia. Su mayor sueño es poderse convertir en una empresaria de éxito, expandiendo su empresa y ser una generadora de empleo para muchas familias. Sus hijos son su mayor motivación por lo cual trata de dar siempre lo mejor para que estos gocen de una mejor calidad de vida.
En la actualidad se encuentra solicitando un crédito con el que espera comprar insumos como telas, hijos, agujas, con el fin de aumentar su capacidad de producción en la temporada de fin de año.

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
  • 292
    View loans »
    Colombia Loans Fundraising
  • $14,007,675
    Funds lent in using Kiva
  • 1,767.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Beatriz Elena to purchase supplies - fabric, thread, needles.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013