Check out some available loans that are similar to this one!
Blanca Cecilia
Blanca, at her 32 years, lives with her husband and their two children, who are 9- and 12- years old respectively. She started working in the field of sewing when she was 16-years old. She worked together with a cousin who had a large sewing business. Blanca was in charge of putting on the final touches and inspecting the garments. When she became an adult, she was tied to the business; she had worked there for four years. Approximately three years ago, and with the help of one of her brothers, Blanca went out on her own and opened a joint venture workshop. However, a short time later, her brother removed himself from the business because the sales were very low. Even so, Blanca, out of necessity and with a lot of faith, continued with the business. She hoped that the sales would increase, and they did. She started getting contracts with third parties and now she directly employs one person and indirectly employs two others. This is how she earns enough income to support her family.
With the loan she is requesting, Blanca wants to change out two sewing machines. She will purchase one serger and one coverstitch machine with the goal of offering her customers well-made clothing with excellent finishing. She will then be able to increase her contracts and generate more income so she can reach her goal of having her own brand, a line of undergarments and women's blouses and offer employment opportunities to others. In addition, she will be able to offer her family a better sense of well-being and a better quality of life and give her children a good education.
View original language description ↓
Blanca, a sus 32 años de edad vive con su esposo y sus dos hijos de 9 y 12 años. Desde que tenía 16 años, ella comenzó a laborar en el campo de la confección, pues le colaboraba a una prima que tenía una empresa grande y allí se encargaba de pulir y revisar las prendas, cuando cumplió la mayoría de edad fue vinculada a la empresa, donde laboró por 4 años. Hace aproximadamente 3 años y con el apoyo de un hermano, Blanca se independizó y montó su taller en sociedad, pero poco tiempo después su hermano se retiró del negocio porque las ventas eran muy bajas; sin embargo, ella, por necesidad y con mucha fe, continuo en él, con la esperanza de que las ventas aumentaran y así fue, comenzó a conseguir contratos con terceros y ahora le brinda empleo directo a una persona y 2 más, indirectos. De esta forma ha obtenido los ingresos para el sustento de su familia.
Con el crédito que solicita desea cambiar dos máquinas, comprará una máquina fileteadora y una recubridora, con el fin de brindarle a sus clientes una prenda bien elaborada y con excelente terminación, así aumentará los contratos y podrá generar mayores ingresos para poder cumplir el sueño de tener una marca propia y una línea de ropa interior y blusas para dama, y brindar oportunidades de empleo a otras personas. Además, podrá ofrecer un mejor bienestar y calidad de vida a su familia y una buena educación a sus hijos.

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
  • 418
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Blanca Cecilia to purchase two sewing machines (one serger and one coverstitch machine).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 24, 2013
Currency Exchange Loss:
Nov 17, 2014