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Blanca Ibonne
Blanca, 62, is a single mother of two children. For 25 years, she has worked as a tailor. She learned this skill by taking classes from different organizations and then she started working at various tailoring businesses as an operator. She did this work for 24 years until they didn't hire her due to her age. A year ago, she set up her own workshop where she provides tailoring and dressmaking services. This has allowed her to earn income to take care of her family.

Blanca is a kind woman who is dedicated to her work. She is responsible, hard-working, and likes what she does. Every day, she works to move forward with her business. She is requesting this loan to buy wholesale products (fabric, thread, elastic, lace) and to perform maintenance on her machines. This will allow her to have a greater variety of materials to offer her customers and it will improve her production because the machines will work well. All of this will be reflected in increased sales and, ultimately, the income she receives.

Blanca dreams of having a larger tailoring workshop with better machinery so she can offer employment opportunities to mothers who are heads of households. This means she will not only improve her family's quality of life, but also that of others who are affected by this process and who, in the near future, will enjoy the fruits of her labor.
View original language description ↓
Blanca es una mujer de 62 años de edad, madre soltera de dos hijos. Desde hace 25 años se dedica a la confección, actividad que aprendió realizando cursos en diferentes entidades, luego comenzó a laborar en varias empresas de confección desempeñándose como operaria, labor que realizó durante 24 años, ya que, debido a su edad, ya no la contrataban y por ello, desde hace un año montó su propio taller donde presta los servicios de confección y modistería, de esta manera ha logrado generar los ingresos para el sustento familiar. La cliente es una señora que se caracteriza por su amabilidad y dedicación a su labor, es responsable y trabajadora, le gusta lo que hace y día a día se esfuerza para continuar con su negocio. Esto la motiva a solicitar el crédito que será invertido en la compra de insumos al por mayor (telas, hilos, elásticos, encajes) y realizar mantenimiento a sus máquinas, de esta forma tendrá más variedad de materia prima disponible para ofrecer a sus clientes y mejorará el tiempo de producción ya que sus máquinas trabajarán adecuadamente; todo esto se reflejará en el incremento de sus ventas y por ende los ingresos que recibe. Blanca sueña con tener un taller de confección más amplio, con mejor maquinaria y así ofrecer oportunidades de empleo a madres cabeza de hogar, de esta forma mejorará no sólo la calidad de vida de su familia, sino también la de otras personas que influyan en todo este proceso y, en un futuro cercano poder disfrutar de los frutos de su arduo trabajo.

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

  • $6,070
    Average annual income
  • 563
    View loans »
    Colombia Loans Fundraising
  • $14,650,775
    Funds lent in using Kiva
  • 1,948.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Blanca Ibonne to buy wholesale products (fabric, thread, elastic, lace) and to perform maintenance on her machines.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014