Amparo is 60 and still has big ambitions which she wants to fulfil. Her life has always been filled with great gifts, the best of which, she says, are having had her son and sharing her life with a great man. Although her financial situation has never been the best, she has ample reasons to smile. She loves her family and it is they who give her the strength to go on. For more than 30 years, she has produced and sold clothing directly, producing household textiles and doing clothing alterations from her home and, thereby, providing for her family. With her business she managed to provide an education and a better quality of life for her son. Her greatest ambition is to enjoy each day in her beautiful home and not to have to worry about the trivialities of life. She loves her work as a seamstress and, what is more, sewing is her great passion. For this reason, she aims to capitalise on the new school term by applying for a loan to purchase fabric for making school uniforms.
Amparo tiene 60 años y aún tiene grandes sueños por cumplir. Su vida siempre ha estado colmada con grandes regalos, el mejor, dice ella fue haber tenido su hijo y compartir su vida con un gran hombre. Aunque su situación económica nunca ha sido la mejor le sobran motivos para sonreír. Ama a su familia y es esta quien la llena de fuerzas para seguir adelante. Desde hace más de 30 años, esta mujer labora en sector de la confección directa, realizando prendas para el hogar y arreglos de modistería desde su casa, lo cual le permitió estar pendiente de su familia. Con su actividad logró brindarle a su hijo educación y una mejor calidad de vida.
Su mayor sueño es disfrutar cada día de su bello hogar y no preocuparse por banalidades en la vida. Ama su trabajo como confeccionista, además de ser su gran pasión, por esta razón se encuentra solicitando un crédito que invertirá en la compra de telas para la confección de ropa escolar, con el fin de aprovechar la temporada estudiantil.
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.