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Fátima Del Socorro
Fátima, age 51, lives with her husband and has no children. She has been a seamstress for 18 years, making blouses, sportswear, and household items from her own line. Fátima learned her trade through trial-and-error and gradually perfected her products. As a result, she has become well-known in the area where she lives and is able to generate income to help her husband with the financial burden of supporting their household. Fátima is an active woman who is passionate about her work, dedicated to her family, and tirelessly puts forth her best effort.

She is currently requesting a loan so that she can invest in the purchase of fixed assets (a cover stitch machine) and supplies in bulk (fabrics, thread, and elastics), as well as pay for the maintenance of her machines. This will help improve production since the machines will function in the correct manner. By having a wider variety of fabrics in different colors to offer to her customers, Fátima will also be able to deliver well-finished products that are of good quality. This is already reflected by the increase in her sales and her earnings.

Fátima dreams of growing her business and providing job opportunities. She will also be able to improve her living conditions and enjoy a better quality of life with her husband.

View original language description ↓
Fátima, con 51 años de edad, vive con su esposo y no tiene hijos. Desde hace 18 años se dedica a la actividad de la confección, elaborando blusas, conjuntos deportivos y artículos para el hogar de su línea propia, esta actividad la aprendió de forma empírica y poco a poco fue perfeccionando sus productos, lo que le ha permitido ser reconocida en el sector donde reside y generar ingresos para apoyar a su esposo con la carga económica del hogar. La cliente es una mujer activa, apasionada por su labor y dedicada a su familia, por quien lucha incansablemente.
Actualmente solicita el crédito para invertirlo en la compra de activos fijos (máquina recubridora), comprar insumos al por mayor (telas, hilos, elásticos) y para realizar mantenimiento a las máquinas, con esto podrá mejorar su producción, pues las máquinas funcionarán de forma correcta y tendrá más variedad de telas y colores para ofrecer a sus clientes, además podrá entregar un producto bien terminado y de muy buena calidad, lo que se verá reflejado en el aumento de sus ventas y de sus ingresos. Fátima sueña con hacer crecer su negocio, para poder brindar oportunidades de empleo y, además tendrá la oportunidad de mejorar las condiciones de vida, para disfrutar de una mejor calidad de vida al lado de su esposo.

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
  • 357
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,899.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Fátima Del Socorro to buy a cover stitch machine, fabrics, thread, elastics, and pay for the maintenance of her machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 20, 2013
Currency Exchange Loss:
Jul 17, 2015