Luz Eneida works making clothing for third parties. She learned this work from her mother, who trained her and taught her everything she needed to know to perform this work. Luz Eneida started this business after she left her old job at a hotel because she could not spend time with her son.
Currently Luz Eneida's business has five workers and seven sewing machines. In order to expedite order delivery, Luz Eneida needs to purchase a flat sewing machine. This would allow her to increase her income and attract new customers in the future.
La señora Luz Eneida se dedica a la confección de prendas de vestir a terceros, esta labor la aprendió de su madre quien la entreno y le enseño todo lo necesario para desempeñarse y poder trabajar. Este negocio de la señora Luz Eneida surgió debido a que a ella le toco renunciar a su anterior trabajo en un hotel puesto que no podía dedicarle tiempo a su hijo. Actualmente en su negocio la señora Luz Eneida tiene cinco trabajadoras y siete máquinas.
Con el fin de agilizar la entrega de los pedidos, la señora Luz Eneida requiere de la compra de una maquina plana, que le permita aumentar sus ingresos y a futuro conseguir nuevos clientes.
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.