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Nohemy has been recognized in her area as being a person who has always wished to bring wellbeing to the other people with whom she associates. For that reason Nohemy has created a dressmaking workshop for others, and managed to make it grow to the point at which she had to hire a great number of single mothers who are heads of families. Nohemy has always been interested in impacting the lives of other people and thanks to her workshop she has successfully improved the quality of life for a good number of them. The residents in her area consider her to be a person who has always looked for a way to help others, and thanks to her, they say that today they may enjoy work that allows them to receive a salary which covers household expenses.

Nohemy, with her 56 years of age and a husband who has always supported her, wants her dressmaking workshop to grow continually in order to hire more persons who are very much in need of a salary, and so more and more contracts keep arriving from her customers. Currently Nohemy's workshop requires larger areas since the people who work there are often uncomfortable because of the lack of space. Therefore Nohemy must make structural improvements to her location but currently does not have sufficient capital to do it since she made large donations during the end-of-the-year season.

Nohemy aspires to receive a loan that will allow her to carry out said structural improvements, in order that her employees will have a workplace which is more comfortable than the current one.
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Nohemy ha sido reconocida en su sector por ser una persona que siempre ha querido brindarles bienestar a las otras personas con quien convive. Es por esto que Nohemy ha creado un taller de confección a terceros y logró que este creciera hasta el punto en el que tuviese que contratar a una gran cantidad de madres solteras cabezas de familia. A Nohemy siempre le ha interesado impactar en la vida de las demás personas, y gracias a su taller ha logrado mejorarle la calidad de vida a un muy buen grupo de ellas. Los habitantes de su sector la tienen como una persona que siempre ha buscado ayudar a los demás, y gracias a ella manifiestan que hoy pueden gozar de un trabajo que les permita acceder a un salario que sostenga los gastos del hogar. Nohemy, con 56 años de edad, y un esposo que siempre la ha apoyado, quiere que su taller de confección siempre siga creciendo para poder contratar a más personas que requieran con gran necesidad de un salario, por lo que cada vez le llegan más contratos por parte de sus clientes. En la actualidad, el taller de Nohemy requiere de unos espacios más grandes, pues las personas trabajan a menudo incómodas por la falta de espacios. Es por esto que Nohemy requiere de realizar mejoras locativas a su local, sin embargo, en la actualidad no cuenta con el capital suficiente para hacerlo, pues en la temporada de fin de año hizo grandes donaciones. Nohemy aspira a que un préstamo le permita acceder a realizar dichas mejoras locativas, y sus empleados tengan un sitio de trabajo mas confortable que el actual.

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
  • 384
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,836.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nohemy to make structural improvements to her dressmaking workshop, since there are many people working in a very small space.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 11, 2012
Jan 20, 2012
Currency Exchange Loss:
Jun 20, 2013