Sandra sews clothes for third parties thanks to the support received from her father who employed her in his own dressmaking workshop. In her father's workshop, Sandra gained experience and trained in dressmaking, working in this job for 13 years. Motivated by the need to provide for her 11-year-old daughter, at 31 years of age Sandra decided to start working for herself. She used her savings to buy some dressmaking machines with which she started her own business, creating 2 direct jobs in her own dressmaking workshop.
Sandra hopes to buy a cover-stitch machine which will allow her to increase her production so that, by the time January and February come around, she will have a good amount of money saved up as this is a time of year in which her work slows down. Sandra would like and hopes to continue improving her quality of life and to increase the amount of time that she can devote to her daughter. In the future, she would like to have her own clothing line.
La señora Sandra se dedica a la confección de ropa a terceros gracias al apoyo recibido por su padre quien la empleo en su propio taller de confección. En el taller de su padre Sandra adquiere experiencia y se capacita en esta área de la confección realizando desde hace 13 años esta labor. Sandra impulsada por sacar adelante a su hija de 11 años y a sus 31 años de edad decide independizarse utilizando sus ahorros para comprar las máquinas de confección con las que inicio su propio negocio generando actualmente 2 empleos directos en su propio taller de confección.
La señora Sandra espera comprar una maquina recubridora que le permitirá provisionarse y aumentar la producción con el fin de tener para la temporada entre enero y febrero buenos recursos económicos ahorrados, puesto que en estas fechas el trabajo disminuye. La señora Sandra desea y espera seguir mejorando su calidad de vida y aumentar el tiempo que le dedica a su hija y a futuro tener su propia línea de ropa.
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.