Claudia is 43 years old and has been working as a tailor for 15 years. She lives with her two young children and with her father who is suffering from stomach cancer. Her children and the state of her father's health are the main reason that this woman has for struggling and strengthening herself to provide for their welfare and better living conditions.
She works daily from her home, which allows her to keep an eye on things near her house. Her greatest dream is to be able to give her father adequate medical care and to buy a small home to improve their living conditions.
In order to increase productivity in her shop, Claudia is requesting a loan with which to buy an industrial flat sewing machine, and thereby improve their economic situation. Her children will then have access to better quality educational opportunities, and her father will able to undertake a course of medical treatment.
Claudia de 43 años de edad, se dedica al oficio de la confección desde hace 15 años. Vive con sus dos hijos menores de edad y con su padre que padece de cáncer de estómago. Sus hijos y la salud de su padre son los motivos más grandes que esta mujer tiene para luchar y esforzarse a fin de ofrecerles bienestar y mejores condiciones de vida.
Labora diariamente desde su casa lo que le permite estar pendiente de su hogar. Su mayor sueño es poder brindarle a su padre un adecuado tratamiento y poder comprar una vivienda para mejorar las condiciones de vida.
Con el propósito de incrementar la productividad en su taller, Claudia se encuentra solicitando un crédito con el que comprará una máquina plana industrial, de esta manera su situación económica mejorará, sus hijos tendrán la oportunidad de acceder a una educación de calidad y su padre será sometido a un tratamiento médico.
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.