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Alexis
Alexis is 23 years old and is a young entrepreneur. He has made a living by printing t-shirts and, with the money that he earned, continued to save so that he could become independent. Some time ago, he achieved his goal and purchased some sewing machines with his savings. He started a workshop where he offers his sewing services as a third party.

He has many employees who normally sew the garments while he transports the unfinished or complete batches but, when production increases, he also sews.

His drive, enthusiasm, and impact have allowed him to achieve goals that many people his age can't even imagine.

He requests the loan so that he can invest it in the purchase of necessary supplies in bulk (fabric, thread, buttons, elastic). This way, he will have enough working capital to be able to complete his productions on time, increase his contracts, and earn more money.

Alexis wants to continue working with determination and dedication to make his small business successful, profitable, and long-lasting. In the future, he would like to acquire more machines and offer more jobs, improving his the quality of life of his family and of the other people who inspire him in this difficult work.
View original language description ↓
Alexis es un joven emprendedor de 23 años de edad, ha trabajado en el arte de estampación de camisetas y con el dinero que ganaba fue ahorrando para luego independizarse. Hace algún tiempo logró su objetivo y con los ahorros que tenía compró algunas máquinas de confección, con lo que pudo montar su propio taller, donde ofrece el servicio de confección a terceros. Cuenta con el apoyo de varias empleadas directas que normalmente se encargan de coser las prendas, mientras él se dedica a transportar los lotes de producción para hacer o las prendas ya terminadas, pero cuando se incrementa la producción, él también se dedica a confeccionar. Su empuje, entusiasmo y proyección lo han llevado a lograr objetivos que a su edad, la mayoría aún ni se imaginan. Solicita el crédito con el fin de invertirlo en la compra de insumos necesarios al por mayor (telas, hilos, botones, elásticos), de esta manera tendrá el capital de trabajo suficiente para poder cumplir a tiempo con la entrega de las producciones, así podrá aumentar los contratos, lo que se traduce en mejores ingresos. Alexis desea seguir trabajando con empeño y dedicación para hacer de su negocio una microempresa exitosa, rentable y perdurable en el tiempo y, en un futuro desea adquirir más máquinas y ofrecer más oportunidades de empleo, mejorando así la calidad de vida de su familia y la de las demás personas que influyen en esta ardua 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

  • $6,070
    Average annual income
  • 249
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Alexis to buy necessary supplies in bulk (fabric, thread, buttons, elastic).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014