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Diane Ester
Diane, 41, is a mother of three children and dreams of becoming a small business owner.

She has worked in the clothing industry for over ten years and now wants to open her own workshop with the goal of having more time to spend with her children and to generate better income which will allow her to improve her living conditions.

In order to fulfill her big dream, Diane is asking for a loan to buy a stationary sewing machine and a coverstich sewing machine.
She does not have her own resources for this investment.

She hopes to open her workshop in her home in order to reduce costs and to be able to attend to housework.
View original language description ↓
Diane de 41 años de edad y madre de tres hijos, sueña en convertirse en una microempresaria. Laboró por más de diez años en el sector de la confección y hoy desea crear su propio taller con el propósito de tener mayor tiempo para compartir con sus hijos y generar mejores ingresos que le permitan mejorar su condición de vida. Para cumplir con su gran sueño, Diane se encuentra solicitando un crédito para la compra de una máquina plana y una recubridora, ya que no cuenta con recursos propio para realizar dicha inversión. Espera abrir su taller el cual ubicará en su residencia para reducir gastos y estar pendientes de las labores domésticas.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Diane Ester to buy a stationary and a coverstich sewing machine.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014