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Doris Elena
Doris is known to be a charismatic woman, devoted to her family. She is 52 years old, married and has three children. She has raised her children with patience and hard work. Doris works in the textile industry. She inherited the love for this activity from her mother and from her grandmother. She started working as a machine operator for different companies. Fifteen years later, when she had acquired the necessary experience and knowledge, she got married and had children, so she decided to become independent and opened her own workshop at home. She wanted to generate her own income and at the same take care of her family. She has been doing this for nineteen years, working tirelessly to improve and get ahead.

She is requesting a loan to buy guideways for her overlock machine, which are essential to do a perfect job and fulfill her customers’ orders on time. She will now be able to improve her production and optimize her processes, which will result in increased sales and more orders.

Doris says that her only interest is to continue working as she has been doing it so far, since she has managed to improve her family’s living conditions and has lived a good life together with her beloved ones.
View original language description ↓
Doris es reconocida por su carisma y dedicación a la familia, una mujer activa de 52 años de edad, casada y madre de 3 hijos a los que ha sacado adelante con mucha paciencia y esfuerzo. Se dedica a trabajar en el campo de la confección, pues el amor por esta actividad la heredó de su madre y su abuela; inició trabajando como operaria en diferentes empresas y luego de 15 años de labores y de adquirir la experiencia y el conocimiento necesarios, llegó el matrimonio y los hijos, razón que la motivó a independizarse y montar su propio taller en un espacio de su casa; con el fin de generar ingresos y al mismo tiempo cuidar de su familia; así lleva 19 años, luchando incansablemente para mejorar cada día y seguir adelante.
El crédito que solicita lo invertirá en la compra de unas guías para la máquina recurbridora, que son indispensables para realizar su trabajo con un acabado perfecto y así cumplir a sus clientes con la entrega de los pedidos a tiempo; pues estará en la capacidad de agilizar y optimizar los tiempos de producción, mejorando las ventas y abriendo paso para adquirir nuevos contratos.
Doris manifiesta que su único interés es darle continuidad a su negocio tal y como está, pues así ha logrado mejorar las condiciones de vida de su familia y le ha permitido disfrutar una buena calidad de vida en compañía de los que ama.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Doris Elena to buy guideways for her overlock machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2014