Maria Sol is 41 years old. She is a visionary and entrepreneurial woman. Since her childhood, her greatest dream was to become a great businesswoman, creating her own business and managing her time. Even though life allowed her to accomplish her goal, she had to traverse a route that gave her experience and maturity to appropriately run her business. She has worked for more than 10 years in clothing production.
Now she is putting together her business project with the help of a neighbor and an aunt, who work daily from 8 in the morning until 7 in the evening doing third-party clothing construction.
Her great dream is to be able to have her own line of women's clothing with a recognized trademark. To achieve this, she needs an holemaking machine and to buy fabrics and threads that will allow her to make quality clothing items. Even though she has plenty of motivation, she doesn't have the money for this investment, and for this reason she is applying for a loan.
Maria Sol de 41 años de edad es una mujer visionaria y emprendedora. Desde niña su mayor sueño fue convertirse en una gran empresaria, creando su propio negocio y manejando su tiempo. Aunque la vida le permitió cumplir su anhelo, tuvo que atravesar un camino que le dio experiencia y madurez para administrar idóneamente su negocio. Laboró por más de 10 años en producción.
En la actualidad ella se encuentra tejiendo su proyecto de negocio, con la ayuda de una vecina y una tía, las cuales laboran diariamente de 8 de la mañana a 7 de la noche en confección a terceros.
Su gran anhelo es poder tener una línea propia de ropa femenina con marca reconocida. Para lograrlo, necesita de una máquina ojaladora, compra de telas e hilos que le permitan fabricar prendas de calidad. Aunque le sobran motivaciones, no cuenta con el dinero para dicha inversión, por esta razón se encuentra solicitando un crédito.
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.