Check out some available loans that are similar to this one!
Johana Catalina
Johana, 29, is the mother of 2 children and is the head of the household. She used to be a housewife when she lived with the father of her children, but later after 12 years he abandoned them, leaving them without a means of support. At this time, she had to take over the responsibility of paying for the household expenses. With the need to oversee the livelihood and welfare of her children, Johana learned to operate a sewing machine with the help of a neighbor. She gradually acquired skill and knowledge. She started out working as a polisher in different workshops, but later she started to sew, and thanks to this, she is currently working as a dressmaker for third parties. She works every day from 7am until 8pm. One disadvantage is that she doesn't have her own sewing machine; instead she pays to rent one from a neighbor. However, she has been able to generate the income that she needs this way over the last 6 years that she has been in this line of work.

At this time, Johana needs a loan to buy a coverstitch and overlock (industrial) sewing machine, and also to buy supplies at wholesale (fabric, thread, elastic, etc). This will allow her to have her own machines, which will make her business more profitable because she won't have to pay rent to make her garments. In addition, this will provide her with the ability to acquire new contracts, thereby increasing her family's income.

Johana's main goal is for her business to become even more recognized and fortified so that in the future she can possibly expand it to increase her sales and generate financial stability, enabling her to provide for her children.
View original language description ↓
Johana, una mujer de 29 años de edad, es madre de dos hijos y cabeza de hogar. Se dedicaba a ser ama de casa pues convivió con el padre de sus hijos pero luego de 12 años él los abandonó dejándolos sin sustento, pues era quien se encargaba de pagar los gastos del hogar. Con la necesidad de velar por el sustento y el bienestar de sus hijos, obtuvo la ayuda de una vecina que le enseñó a manejar máquinas de confección y corte y; poco a poco fue adquiriendo técnica y conocimientos e inició laborando como pulidora en diferentes talleres; pero luego pasó a manejar las máquinas; gracias a ello, hoy en día presta el servicio de confección a terceros, trabaja todos los días de 7 am a8 pm; la desventaja es que no posee máquinas propias, sino que paga alquiler a una vecina; sin embargo así ha logrado generar los ingresos necesarios durante los últimos 6 años que lleva laborando en el oficio.
Actualmente solicita el crédito para comprar una máquina recubridora y una fileteadora e insumos al por mayor (telas, hilos, elásticos, entre otros); esto le permitirá tener sus propias máquinas y hacer su negocio más rentable, pues no tendrá que pagar alquiler para elaborar la producción; además de brindará la opción de adquirir nuevos contratos, mejorando así los ingresos para su familia.
Johana tiene como propósito principal acreditar y fortalecer aún más su negocio y, en un futuro tener la posibilidad de ampliarlo para ampliar sus ventas y generar una estabilidad económica que le permita sacar adelante a sus hijos.

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
  • 295
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,934.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,300 helped Johana Catalina to buy an industrial sewing machine and dressmaking supplies at wholesale, including fabric, thread, elastic, etc.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2013
Listed
Dec 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015