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Sandra Patricia
At 34 years of age, Sra. Sandra Patricia has been manufacturing shirts and undergarments for the past year. She has a small workshop set up in the living room of her house where she works Monday through Saturday. Thanks to this business, Sandra Patricia is able to provide for the daily needs of her husband and two children.

In an effort to improve her sales, Sandra needs a loan to buy a cover stitch machine so that she can improve the quality of her products and manufacture new types of garments. Her dream is to expand her sewing workshop so that she can provide more jobs for female heads of household in her community.

View original language description ↓
A sus 34 años, la señora Sandra Patricia se dedica desde hace un año a la confección de camisas y ropa interior en un pequeño taller adecuado en la sala de su casa de lunes a sábado. Gracias a esta actividad, la señora Sandra Patricia puede conseguir el sustento diario para su esposo y dos hijos. Con el ánimo de mejorar sus ventas, requiere de la compra de una maquina recubridora que le permita incrementar la calidad de sus productos y elaborar nuevas prendas. El sueño de la señora Sandra Patricia es poder ampliar su taller de confección y brindarles empleo a las madres cabeza de hogar de su comunidad.

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

  • $11,100
    Average annual income
  • 323
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Sandra Patricia to buy a cover stitch machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 23, 2011
Jan 1, 2012
Currency Exchange Loss:
Jan 15, 2013