Rosa Elvira, 40, is a single mother of two children. She rents suits for all occasions. This activity came after working for three years in a bridal shop. There she learned everything about the business, until she made the decision to become independent.
Her children have become her biggest support and motivation which drives her to wake up daily and begin her job.
Her biggest dream is to position her business and increase her revenue to offer her children the opportunity to go to university and be trained as professionals.
Today she is requesting a loan for the purchase of raw materials-fabrics, in order to offer her customers a new product line.
Rosa Elvira de 40 años de edad, es madre soltera de dos hijos. Se dedica al alquiler de trajes para toda ocasión. Esta actividad surgió después de laborar por tres años en una casa de novias. Allí aprendió todo lo relacionado con el negocio, hasta que tomo la determinación de independizarse.
Sus hijos se han convertido en el mayor apoyo para ella, y en la motivación que la impulsa a levantarse diariamente a comenzar su faena.
Su mayor sueño es poder posicionar su negocio y aumentar sus ingresos para ofrecerles a sus hijos la oportunidad de acceder a la universidad y formarse como profesionales.
En la actualidad se encuentra solicitando un crédito para la compra de materia prima-Telas-, con el propósito de ofrecerles a sus clientes una nueva línea de productos.
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.