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María Isabelina
Maria is 54 years old, married, and has five children who she got ahead with effort and dedication.

She works as a kitchen helper in a restaurant and also works on her own in a tailor shop in her home. She makes all types of linen for the home, such as curtains, sheets, pillows, table cloths, and other decorative articles that she offers to her family and friends. This way she complements her income to help her husband with the household finances.

She will use the money from this loan to buy supplies in quantity (fabrics, threads, laces, and springs). This will allow her to have a variety of fabrics of different colors and textures to satisfy her customer needs and increase her income.

Maria says that her greatest desire is to have a well accredited and structured sewing workshop that will allow her to create jobs and guarantee financial stability so she can become completely independent. This way she can continue working toward her family’s wellbeing while she generates income to provide her a better quality of life.
View original language description ↓
María, a sus 54 años de edad, es casada y madre de 5 hijos a los que ha sacado adelante con empeño y dedicación.
Actualmente trabaja como auxiliar de cocina en un restaurante y alterna su empleo trabajando de manera independiente en un taller de confecciones que inició en su vivienda, allí elabora todo tipo de lencería para el hogar como cortinas, sábanas, cojines, manteles, y otros artículos decorativos, que ofrece entre sus familiares y amigos, así complementa los ingresos para apoyar a su esposo con la carga económica del hogar.
El crédito que solicita lo invertirá en la compra de insumos al por mayor (telas, hilos, cintas, resortes) esto le permitirá tener una mayor variedad de telas con texturas y colores diferentes que satisfagan los gustos de su clientela y así mejorar los ingresos que percibe por la labor.
María manifiesta que su mayor anhelo es tener un taller de confecciones bien acreditado y estructurado, que le permita generar oportunidades de empleo y le garantice una rentabilidad y estabilidad económica para independizarse totalmente, así podrá continuar velando por el bienestar de su familia, mientras genera recursos para brindarles una mejor calidad de vida.

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
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 2,045.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $750 helped María Isabelina to buy supplies.
39% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
Possible