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Emperatriz is a single mother, head of household for her four children who their father abandoned some time ago without making any economic contribution towards their support. Because of this, she’s been going through some difficult economic times at home in the last few years.

About 7 years ago she started a business sewing for third parties and thanks to the good quality of her work she now has very good customers that make it possible for her to earn income to support her home. Because she does not have much capital, she’s had to let several good customer orders pass her by but now that she has the opportunity, Emperatriz is looking for a loan to buy supplies like fabric and thread to manufacture the large pending customer orders she has.

Her dream is to move the business forward so that it will give her the opportunity to move her four children ahead providing them with a good quality education. She also dreams with having her own clothing line that’s well-known in the marketplace.
View original language description ↓
Emperatriz es una madre soltera cabeza de familia de sus 4 hijos a quienes su padre abandonó hace un tiempo sin hacer alguna contribución económica para su sostenimiento, por lo que en los últimos años ha venido padeciendo algunos problemas económicos en su hogar. Desde hace unos 7 años comenzó con la actividad de la confección ofreciendo el servicio de confección a terceros, y gracias a la buena calidad de sus trabajos ahora puede contar con muy buenos clientes que le permiten generar los ingresos necesarios para el sostenimiento de su hogar. Debido a que no cuenta con un gran capital, ha tenido que dejar pasar muy buenos pedidos de sus clientes; pero ahora que tiene la oportunidad, Emperatriz busca un préstamo para comprar insumos como telas e hilos y poder fabricar los grandes pedidos que tiene por parte de sus clientes.

Su sueño es sacar este negocio adelante y que le brinde la posibilidad de sacar sus 4 hijos adelante brindándoles una educación de buena calidad. Además sueña con tener su línea propia de ropa y que esta sea reconocida en el mercado.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Emperatriz to buy sewing supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Sep 3, 2012
Currency Exchange Loss:
Apr 17, 2014