Nubia del Socorro is 60 years old. She is a small business owner who has worked hard, and with sacrifice and dedication, has managed to assemble her workshop. She works Monday to Sunday from 8am to 5pm. She employs two of her neighbors.
Her biggest dream is to be able to expand her business and to generate more jobs, because she is convinced that this will help to improve the economic status of several women that need it.
She is currently requesting a loan to buy a sewing machine to improve the quality of service and to increase production.
Nubia del Socorro de 60 años de edad es una microempresaria que se ha hecho a pulso, con sacrificio y dedicación a logrado montar su taller de confección a terceros en el cual labora de lunes a domingo de 8 de la mañana a 5 de la tarde, ofreciéndoles empleo a dos vecinas de su sector.
Su mayor sueño es poder ampliar su negocio y generar más fuentes de empleo porque está convencida que aparte de ofrecer un servicio ayuda a mejorar la condición económica de varias mujeres que lo necesitan.
En la actualidad se encuentra solicitando un crédito para la compra de una máquina recubridora con el fin de mejorar la calidad en el servicio y aumentar su producción.
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.