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Claudia Patricia
Claudia is 40 years old and has two children, aged 13 and 7. She learned to be a seamstress thanks to a friend, who hired her to work at her workshop. She now dreams to become a small entrepreneur herself, for having her own business would help her improve her economic situation and give her children the means to live with dignity. Thus, Claudia asks for a loan to buy an overlock sewing machine in order to start her business. Her dream is to have a big workshop where she could teach single mothers to sew and then employ them as seamstresses so that they can earn money thanks to their work.
View original language description ↓
Claudia, tiene 40 años de edad y es madre de dos hijos de 13 y 7 años. Aprendió el oficio de la confección gracias a una amiga que le brindó la oportunidad de laborar en su taller. Hoy sueña con convertirse en microempresaria y crear su propio negocio con el fin de mejorar su condición económica y garantizarles a sus hijos una calidad de vida digna. Razón por la que se encuentra solicitando un crédito que invertirá en la compra de una máquina fileteadora e inicar con su proyecto de negocio.
Sueña con tener un gran taller, capacitar y brindarles el ingreso laboral a las madres cabeza de familia.

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
  • 526
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,881.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Claudia Patricia to buy an overlock sewing machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2015