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Leticia Amparo
Leticia, 48 years old, is married and the mother of three children. Thirteen years ago she began to be involved in the world of sewing. She began by working in a small workshop near her home where she obtained her first experience. Later she had the opportunity to work for a much larger business at a much higher salary. There she learned new techniques and perfected her knowledge. Taking advantage of the experience she had acquired and a loan that had been approved for her, she decided to become independent and opened her own workshop where she sews for third parties; for this, she relies on help from her oldest daughter and two employees. In this way she has generated the earnings necessary to help her husband with household expenses.

Leticia states that she greatly enjoys her work although at times she needs to confront challenges that can delay production. For examples she needs to obtain skilled workers who do good finishing work since it is upon such skills that the continuation of contracts from her customers depends. Nevertheless, she has known how to get ahead.

Currently, she is requesting a loan in order to purchase two flat sewing machines that she needs to streamline production and to be able to finish the orders she has received in a timely manner. This will enable her to open her doors to accept more contracts. In the future, in the medium term, she dreams of producing her own line, expanding her workshop and generating more employment opportunities for mothers who are heads of households. This will not only increase her own family’s quality of life but that of many other persons who influence her business.
View original language description ↓
Leticia, a sus 48 años de edad, es casada y madre de 3 hijos. Desde hace 13 años comenzó a involucrarse en el mundo de las confecciones, inició laborando en un pequeño taller cercano a su casa donde obtuvo los primeros conocimientos, más adelante se le presentó la oportunidad de emplearse en una empresa más grande y con un salario más alto; allí aprendió nuevas técnicas y perfeccionó sus conocimientos. Aprovechando la experiencia adquirida y un crédito que le habían aprobado, decidió independizarse y montó su propio taller, en el cual le confecciona a terceros y para ello, cuenta con el apoyo de su hija mayor y dos empleadas directas. De esta forma ha generado los ingresos necesarios para apoyar a su esposo con la carga económica del hogar. La cliente manifiesta que le gusta mucho su labor, aunque a veces debe afrontar desafíos que le retrasan la producción, por ejemplo, conseguir las operarias que sean ágiles y que terminen bien los productos, pues de esto depende la continuidad de los contratos con sus clientes, sin embargo, ha sabido salir adelante. Actualmente solicita el crédito con el fin de invertirlo en la compra de 2 máquinas planas, las cuales requiere para agilizar su producción y poder cumplir oportunamente con la entrega de los pedidos. Esto le permitirá abrirse las puertas para obtener más contratos y en un futuro a mediano plazo, sueña con confeccionar su línea propia, ampliar el taller y generar más oportunidades de empleo a madres cabezas de hogar. Esto beneficiará no sólo la calidad de vida de su familia, sino la de muchas otras personas que influyen en su labor.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,915.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Leticia Amparo to purchase two flat sewing machines.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2015