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Alba Lucía
39-year-old Alba is a single mother with three children. She has had to take care of her children's well-being and education their whole lives. Alba is an entrepreneurial woman who doesn't let herself become discouraged by life's events. She has been in the sewing business for ten years now thanks to an opportunity she received from a training institute dedicated to work and human development.

After having worked for more than eight years as an employee, Alba decided to start her own business. She set up the business in her home, offering alterations and dressmaking services.

Alba's biggest dream is to provide her children with an education so that they have the opportunity to become successful professionals. On a business level, Alba dreams of strengthening her micro business and making the income she needs to support her household. She is requesting this loan to invest in buying an interlock sewing machine so that she can improve the quality of her work.
View original language description ↓
Alba de 39 años de edad, es madre soltera de 3 hijos. Toda su vida ha tenido que velar por el bienestar y la educación de ellos. Es una mujer emprendedora que no se deja oprimir por las circunstancias. Desde hace diez años conoce del oficio de la confección, gracias a la oportunidad que le brindó un instituto de formación para el para el trabajo y el desarrollo humano.
Después de laborar por más de ocho años como empleada, decidió emprender su proyecto de negocio, por lo cual inició desde su vivienda realizando arreglos de modistería y confección directa.
Su mayor sueño es garantizarles a sus hijos educación y que tengan la oportunidad de convertirse en grandes profesionales. A nivel profesional sueña con consolidar su microempresa y generar los ingresos necesarios para el sostenimiento de su hogar. Razón por la cual se encuentra solicitando un crédito que invertirá en la compra de una máquina recubridora con el fin mejorar la calidad en su producción.

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
  • 543
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,822.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Alba Lucía to buy an interlock sewing machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013