Ángela is a young woman of 29 years, full of dreams. She has a daughter 6 years of age who is her greatest motivation to get ahead. Her status as a single mother has taught her to think and to live a life in more responsible manner, understanding that her family is the most important and that for which she should fight every day.
Since she was very young she has worked, due to her family's difficult economic situation. Thanks to this, she learned clothing manufacturing and today this work has given her the opportunity to generate the resources to support her daughter.
Angela set up a small shop in her home, in which she principally manufactures clothing to third parties, as that ensures to be more profitable. She is requesting a loan for the purchase of a 204 flat machine, which will allow her to reduce production times, generating more profits which will transform into a greater quality of life for her family.
Ángela es una joven de 29 años, llena de sueños y con una hija de 6 años de edad que es su mayor motivación para salir adelante. Su condición de madre soltera le ha enseñado a pensar y a vivir la vida de una manera más responsable, entendiendo que su familia es lo más importante y por lo que debe luchar cada día.
Desde muy joven ha laborado debido a la difícil situación económica de su familia, gracias a esto aprendió de confección y hoy esta actividad le ha dado la oportunidad de generar los recursos para sostener a su hija.
Ángela montó en su casa un pequeño taller, en donde se dedica principalmente a la confección a terceros ya que asegura que es más rentable
Se encuentra solicitando un crédito para la compra de una máquina plana 204, que le permitirá reducir tiempos de producción, generando mejores utilidades que se transformarán en mejor calidad de vida para su familia.
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.