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Mayerly is a young businesswoman who decided to open her own business to generate income and contribute financially to her home. Approximately 2 years ago, she learned to weave bags out of wool and other materials. She them decided to open a business. At first she contributed to her parents with it, and now she is married and contributes to support her home where she lives with her husband and 2 year old son. The bags that Mayerly makes have been very well received thanks to their good quality. Because of this, she is able to send her products to other cities where they sell her bags. Thanks to continued good growth, Mayerly requires mechanized production. She is looking for a loan to afford her the opportunity to buy an industrial sewing machine and materials to make her products.

This way, her business will be more mechanized and she will be able to produce in greater quantities to sell in different places. Doing this will increase her income considerably, and she will be able to offer her husband and son a better quality of life and better financial qualities.
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Mayerly es una joven emprendedora que decidió montar su propio negocio para generarse sus ingresos y contribuir económicamente en su hogar. Hace aproximadamente 2 años aprendió el arte de tejer bolsos en lana y otros materiales, y con esto decidió montar un negocio con el que pudo aportar en un principio a sus padres, y ahora que se encuentra casada aportar para el sostenimiento de su hogar, donde convive con su esposo y su hijo de 2 años. Los bolsos que fabrica Mayerly han tenido un gran reconocimiento gracias a la buena calidad que tienen, y gracias a esto ahora logra enviar sus productos a otras ciudades donde comercializan sus bolsos. Gracias a que sigue teniendo muy buen crecimiento, Mayerly requiere tecnificar su producción, por lo que busca que un préstamo le brinde la oportunidad de comprar una máquina para coser industrial y materias primas para la fabricación de sus productos.

De esta manera su negocio estará más tecnificado y así podrá producir en mayores cantidades para la comercialización en diferentes puntos, y haciendo esto logrará aumentar sus ingresos considerablemente, ofreciendo a su esposo y a su hijo una mejor calidad de vida y mayores oportunidades económicas.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,773.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mayerly to buy an industrial sewing machine and materials to make her products.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 29, 2012
May 2, 2012
Currency Exchange Loss:
Nov 18, 2013