Luz Dary is 49 years old. She learned the dressmaking trade thirty years ago and worked in this trade at various workshops for ten years. However, she felt obliged to retire when she had her son. She is a single mother, which was a determining factor in her decision to continue working from her home.
Today, she makes women’s clothing that she sells to various shops in the town of Itagüí, Colombia. This activity has allowed her to give her son an education and provide what she can for him to the best of her abilities. Her greatest dream is to be able to have her own line of blouses and buy a large house to organize her workshop. Currently, she is requesting a loan to purchase a flat sewing machine and materials to increase her production level and generate more income.
Luz Dary de 49 años de edad, aprendió el oficio de la confección desde hace 30 años. Laboró en diferentes talleres de este gremio por 10 años y se vio en la obligación de retirarse cuando tuvo a su hijo. Es madre soltera lo cual fue un factor determinante para que esta mujer decidiera seguir laborando desde su casa. Hoy se dedica a la confección de ropa femenina que vende en diferentes almacenes del municipio de Itagüí, Colombia.
Esta actividad le ha permitido darle educación a su hijo y brindarle lo que puede en la medida de sus capacidades.
Su mayor sueño es poder tener una línea propia de blusas y comprar una vivienda amplia para organizar su taller. En la actualidad se encuentra solicitando un crédito para la compra de una máquina plana e insumos para incrementar su nivel de producción y generar mayores ingresos.
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.