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Nora Cecilia
Nora, 39, is recognized in her area for possessing great charisma and for being concerned for the wellbeing of her community. She is a single mother and head of her family of three children. Her husband abandoned her, so she assumed the responsibilities of the home and of generating enough income to pay expenses, affording her children food and education.

She says she began learning the clothing trade at a young age through family tradition, and since taking charge of family obligations, she decided to hire third parties to work in her own clothing shop. Currently, Nora is requesting a loan she will invest in the purchase of a two-needle sewing machine, which will allow her to optimize during times of production and increase revenue.

Her greatest dream is to see her clothing shop grow, increase sales and generate new sources of employment, especially for mothers who are heads of family and who do not have job opportunities. Furthermore, she hopes that her children will have a better quality of life and a stable economic condition.
View original language description ↓
Nora de 39 años de edad, es reconocida en su localidad por tener un gran carisma y preocuparse por el bienestar de su comunidad.
Es madre soltera y cabeza de familia de 3 hijos. Sufrió el abandono de su esposo, por lo cual asumió las responsabilidades del hogar y generar los ingresos suficientes para solventar los gastos, brindándoles alimento y educación a sus hijos.
Cuenta que desde pequeña aprendió el oficio de la confección por tradición familiar, y desde que se hizo cargo de las obligaciones familiares, decidió montar su propio taller de confección a terceros. En la actualidad Nora se encuentra solicitando un crédito que invertirá en la compra de una máquina de dos agujas, que le permitirán optimizar en los tiempos de producción y aumentar sus ingresos.
Su mayor sueño es ver crecer su taller de confección e incrementar las ventas, generando nuevas fuentes de empleo principalmente para madres cabeza de familia que no cuentan con oportunidades laborales. Además, sueña con que sus hijos tengan una mejor calidad de vida y una condición económica estable.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,822.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Nora Cecilia to buy a two-needle sewing machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013