Luz Marina is 62 years old. She is a working woman with many desires to fulfill. Through sacrifice and dedication she has successfully started a tailoring business where she makes all types of outfits.
She works every day from 8:00 in the morning until 6:00 in the evening. Her biggest dream is to be able to expand her business and generate employment for women who are head of households, because of of the suffering she went through to educate her four children, when her husband died. She is aware of the difficult situation that millions of women suffer and this is why she believes that through her work she can help lighten the burden of many of them.
She is asking for a loan to buy supplies such as fabric, needles and thread in order to expand her production and improve her quality of life.
Luz Marina de 62 años de edad es una mujer trabajadora y con muchos deseos por cumplir. Con sacrificio y dedicación a logrado montar su taller de confección en donde elabora todo tipo de prendas. Trabaja todos los días de 8 de la mañana a 6 de la tarde. Su mayor sueño es poder ampliar su negocio y generar fuentes de empleo a mujeres cabeza de familia, ya que le tocó padecer el sufrimiento de educar a sus cuatro hijos, cuando su esposo falleció. Es conciente de la difícil situación que padecen millones de mujeres y por eso está convencida que a través de su labor puede aliviar la carga de muchas de ellas.
En la actualidad se encuentra solicitando un crédito para la compra de insumos como telas, agujas e hijos con el fin de aumentar su producción y mejorar su condición de vida.
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.