For 15 years, Maria Ester has been sewing garments direct. Together with her husband and daughter, she works every day with the hope of making progress in her business and filling the orders that her customers place with her. Her main task is making uniforms and aprons for restaurants and hairdressing salons. At 54 years of age, Maria Ester dreams of offering her family a better future and improving her household income.
With the motivation of achieving her dreams, Maria Ester is requesting a loan which she will invest in buying raw materials for sewing items to sell wholesale, such as threads, fabric and other basic supplies which she uses to make garments of the best possible quality. This will increase her profits and her quality of life will be greatly benefited.
Desde hace 15 años Maria Ester se dedica a la confección directa junto a su esposo e hija trabaja día a día con la ilusión de sacar su negocio adelante y responder por los pedidos que sus clientes le hacen, su principal labor es la confección de uniformes y delantales para restaurantes y peluquerías, a sus 54 años de edad sueña con ofrecerle un mejor futuro a su familia, y mejorar los ingresos del hogar.
Con la motivación de cumplir sus sueños, hoy Maria Ester solicita un préstamo, el cual invertirá en compra de materia prima para la confección al por mayor, como: Hilos, telas y otros insumos básicos para realizar las prendas con la mayor calidad posible, pues así las utilidades serán mayores y su calidad de vida se verá altamente beneficiada.
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.