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Ángela María
Ángela, a single woman of 52, has two adult children. She studied pattern and design 20 years ago and then endeavored to work from home as she cared for her young children. Ángela started in the sewers' guild and little by little acquired her machines and gained work as she made headway for her family. Her dream is to improve her shop and make repairs, which is why she is requesting the loan. She plans to replace her shop's floor to give it a better appearance and make it more comfortable to receive customers since she is on a good trajectory and makes a wide variety of clothes with imported fabrics for parties and weddings. She also plans to purchase a large number of supplies such as fabrics, gemstones, thread and bands. This will give her greater assurance that her income will keep growing and she can enjoy the life she deserves along with her family.
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Ángela, soltera de 52 años, tiene dos hijos mayores de edad. Desde hace 20 años estudió diseño y patronaje, y ese fue su empeño y emprendimiento trabajar desde su casa para estar al cuidado de sus pequeños hijos Ángela se inició en el gremio de las confecciones y poco a poco fue adquiriendo sus máquinas y trabajando a terceros, pudo sacar adelante a su familia. Su sueño es mejorar su taller y hacerle reparaciones, por esto solicita el crédito en la Corporación para cambiar el piso del taller y darle una mejor apariencia y confort para recibir a sus clientes ya que ha tenido buena trayectoria y realiza gran variedad de vestuarios con telas importadas para fiestas y matrimonios, y también adquirir gran cantidad de insumos para sus trabajos como (telas, pedrerías, hijos, franjas, etc). Esto dará mayores garantías de que sus ingresos seguirán en aumento y disfrutar así de la vida que se merece junto con su familia.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 2,014.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ángela María to replace her shop's floor and acquire a large number of supplies, such as fabrics, gemstones and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
May 22, 2014