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Flor Alba
Flor, at 44 years old, is married and the mother of two children. Because of the lack of job opportunities, she decided to start her own business to generate resources that would allow her to contribute to her household finances. So, eight years ago, she set up a sewing workshop in a space within the house she lives in. There, she offers services to procurers, and she also created her own line of underwear and activewear. With this business, she has been able to help her husband with household expenses.

This client is an active, enterprising woman who strives tirelessly to achieve the goals she sets for herself, overcoming various obstacles and the economic difficulties associated with the fact that it is hard to collect payment from her customers; sometimes, she doesn't have the working capital to invest in the purchase of supplies. However, she has figured out how to keep going, always motivated by her family.

Currently, Flor is requesting this loan to invest in the purchase of supplies at wholesale (fabrics, thread, buttons, accessories, and elastic) with which she will have the raw materials available to fulfill all her customer orders and deliver them in a timely fashion. This will give her the opportunity to get more contracts, thereby increasing her production, her sales, and the income she receives for the service she provides.

Flor dreams of strengthening, fortifying, and consolidating her business, and of being recognized in the industry for her good work and dedication; this would give her the opportunity to improve her family's living conditions and wellbeing.
View original language description ↓
Flor, a sus 44 años de edad, es casada y madre de 2 hijos. Debido a la falta de oportunidades de empleo, ella decidió iniciar su propio negocio para generar recursos que le permitieran aportar a la economía del hogar, por ello, desde hace 8 años se montó un taller de confecciones en un espacio de la casa donde vive, allí ofrece el servicio a terceros y adicionalmente creó su línea propia de ropa interior y deportiva, con esto ha logrado apoyar a su esposo con el mantenimiento del hogar. La cliente es una mujer activa, emprendedora, lucha incansablemente para lograr los objetivos que se propone, sobrepasando diversos obstáculos y dificultades económicas debido a que le es difícil recuperar la cartera de sus clientes, por lo que algunas veces no posee el capital de trabajo suficiente para comprar insumos, sin embargo, ha sabido salir adelante siempre motivada por su familia. Actualmente solicita el crédito para invertirlo en la compra de insumos al por mayor (telas, hilos, botones. Accesorios, elásticos) con lo que podrá tener materia prima disponible para cumplir con todos los pedidos de sus clientes y entregarlos de manera oportuna, esto le dará la oportunidad de tener más contratos, aumentando así su producción, las ventas e ingresos que recibe por la prestación de su servicio. Flor sueña con acreditar y fortalecer su negocio, consolidarlo y ser reconocida en el sector por su buen trabajo y dedicación, con lo que tendrá la oportunidad de mejorar las condiciones de vida y el bienestar de 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.

About Colombia

  • $11,100
    Average annual income
  • 377
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,948.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Flor Alba to buy supplies at wholesale (fabrics, thread, buttons, accessories, and elastic).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 16, 2013
Sep 16, 2013
Currency Exchange Loss:
Mar 19, 2015