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Gleidys
Gleidys, 27, is married and has an 11-year-old son. She has worked in the clothing industry, for the administrative department. However, little by little, she learned about more operative activities and gained experience. She worked for approximately eight years and made enough to help maintaining her family.

With the intention to progress and get ahead and her enterprising spirit, and motivated by her family, she decided to start her own business, making clothes for third parties. She is requesting a loan in order to buy machines (COP 4,000,000), pay for specialized consultancy services (COP 574,200), buy supplies in bulk (fabrics, threads, laces, buttons, zippers) (COP 1,000,000) and pay for the administrative costs of the loan and the insurance (COP 225,800); i.e., COP 5,800,000 in total.

With this loan, she will be able to work and generate an income to maintain her family. She will also be able to promote her business locally, something that will help her to have her own brand and open a store where she can sell her garments. All this will result in a better quality of life and the possibility of offering her son an excellent education.
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Gleidys, a sus 27 años de edad es casada y madre de un hijo de 11 años. Su vida productiva la ha dedicado a trabajar en empresas de confección, en el área administrativa, pero poco a poco, fue aprendiendo la parte operativa y así fue adquiriendo experiencia, ella laboró durante 8 años aproximadamente, con lo que pudo adquirir recursos para aportar con el sustento para su hogar. Con el ánimo de salir adelante y progresar, con su actitud empredendora y motivada por su familia, decidió independizarse y quiere iniciar su propio taller de confección a terceros, para lo cual solicita el crédito con el fin de invertirlo en el pago de las máquinas por valor de $4.000.000, pago de asesoría especializada por $574.200, compra de insumos al por mayor (telas, hilos, encajes, botones, cierres) por valor de $1.000.000 y pago de estudio de crédito y seguro por $225.800, para un total de $5.800.000. Con el apoyo de este crédito podrá ejercer la actividad y generar ingresos para el sustento familiar, además se dará a conocer en el sector, lo que le permitirá en un mediano plazo poder tener su línea propia y montar un punto de venta donde ofrezca sus prendas, así logrará tener una mejor calidad de vida y darle un excelente educación a su hijo.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 278
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,887.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,075 helped Gleidys to buy sewing machines and supplies in bulk, and to pay for consultancy services and administrative costs.
100% repaid
Repayment Term
29 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014