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Ángela María
42-year old Ángela is an enterprising woman who has always enjoyed running a business. For more than ten years she was a seamstress, but because people were slow to make payments, she became bankrupt and closed her business.

After studying the market and seeing the many advantages of a business maintaining and repairing sewing machines and electric appliances, Ángela is seeking a loan to start such a business. The loan would be used to buy tools and spare parts. She is hopeful that the new business will generate employment for two local people. Her dream is for the business to be well-accepted in the marketplace, then expand, and eventually become a source of employment in her town.
View original language description ↓
Ángela de 42 años de edad, es una mujer emprendedora, toda su vida le ha gustado los negocios. Por más de 10 años se dedicó al oficio de la confección, pero debido al retraso en los pagos entró en quiebra Y cerró su actividad productiva. Hoy después de realizar una estudio de mercado y ver las grandes ventajas que hay en el sector de mantenimiento de máquinas de confección y reparación de electrodomésticos se encuentra solicitando un crédito con el fin adquirir herramientas y repuestos para iniciar con su actividad comercial. Asegura que su nuevo proyecto le permitirá brindar empleo a dos personas de su comunidad. Sueña con tener una buena aceptación en el mercado, crecer y convertirse en una fuente de empleo para su municipio

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

  • $6,070
    Average annual income
  • 295
    View loans »
    Colombia Loans Fundraising
  • $13,931,350
    Funds lent in using Kiva
  • 1,899.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ángela María buy tools and spare parts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014