Luz Mery is 54 years old. She worked for a business making clothing more than 20 years ago. She started by ironing, but her interest took her further, so she asked a colleague to teach her how to use the machines. From that time she started to work as an operator, and later she retired in order to set up her own workshop. Although her life has not been a bed of roses, Luz Mery has figured out how to get ahead with her son, after suffering abandonment by her husband.
Full of dreams and products, she decided to set out on her own path and look for customers who would provide her with a better income to sustain her household. Currently, she is requesting a loan to buy a button sewing machine, with the goal of offering higher quality production, which will be reflected in her profitability.
Luz Mery de 54 años de edad laboró en una empresa de confecciones hace más de 20 años, Comenzó aplanchando pero su interés la llevó más allá, por lo cual le pidió a una compañera que le enseñara como se manejaban las máquinas, desde ese momento empezó a laborar como operaria y posteriormente se retiró para montar su propio taller. Aunque su vida no ha sido color de rosa Luz Mery ha sabido salir adelante con su hijo, después de sufrir el abandono de su esposo.
Llena de sueños y proyectos, decidió abrirse camino y buscar clientes que le proporcionen mayores ingresos para sostener su hogar. En la actualidad se encuentra solicitando un crédito para la compra de una máquina botonadora, con el fin ofrecer producción de mejora calidad lo que se verá reflejado en su rentabilidad.
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.