Luz Aidé is a person who has had to go through many adversities in her life. However, her will to work has allowed her to continue moving forward and overcome all her difficulties.
She’s a single mother, head of household to her only daughter who is five years old. She takes care of all her home’s needs because her husband died some time ago leaving her in charge of her home and her daughter.
With much fortitude Luz Aidé has been working to offer her daughter a good quality of life and from her sewing shop has managed to increase sales and generate higher income. Because she’s been working very hard, she’s managed to increase the quality of her products while also increasing the number of her customers and this is whys he’s now looking for a loan to buy a special sewing machine [to finish belts] so that she can offer better products to her customers and to continue increasing her sales.
In this way her daughter will have a better quality of life thanks to the increase in income and she will also be able to continue to have a good quality of life and gradually reach her dream of raising her daughter.
Luz Aide es una persona que ha tenido que atravesar por muchas adversidades en su vida, sin embargo sus ganas de trabajar han hecho que salga adelante y supere todas sus dificultades. Madre soltera cabeza de familia de su única hija de 5 años, es la encargada de todas las necesidades en su hogar, pues su esposo murió hace un tiempo dejándola a cargo de su hogar y de su hija. Con mucha fortaleza Luz Aide ha venido trabajando para poder ofrecer a su hija una buena calidad de vida, y desde su taller de confección ha logrado aumentar sus ventas y poder generar mayores ingresos. Gracias a que ha venido trabajando fuertemente, ha logrado aumentar la calidad de sus productos y de la misma manera ha logrado aumentar sus clientes; es por esto que ahora busca que un préstamo le permita comprar una máquina devastadora con la cual pueda ofrecer mejores productos a sus clientes y así seguir aumentando sus ventas.
De esta manera su hija podrá tener una mejor calidad de vida gracias al aumento en sus ingresos, además de que podrá seguir teniendo una buena calidad de vida y poco a poco ir cumpliendo su sueño de poder sacar su hija adelante.
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.