Elmis is 43 years old. She is a determined woman who wants to get ahead with her four children, with the goal of giving them better opportunities in life. Starting when she was young, she learned the profession of tailoring, and she has dedicated herself to this activity as a source of employment to support her household.
She reports that things have not been easy, and when work is scarce she has to resort to looking for new sources of income. Thus, she occasionally does domestic work in her neighbors' house.
Currently, she is requesting a loan with the goal of investing in supplies such as fabrics, buttons and thread, in order to resume her work and dedicate herself to tailoring directly for customers. This will permit her to generate a steady stream of income to improve her family's quality of life.
Elmis de 43 años de edad, es una mujer luchadora que desea sacar adelante a sus cuatro hijos, con el fin de brindarles mejores oportunidades de vida. Desde joven aprendió el oficio de la confección y se ha dedicado a esta actividad como fuente de empleo para el sostenimiento de su hogar.
Asegura que las cosas no han sido fáciles y cuando el trabajo escasea debe recurrir en búsqueda de nuevas fuentes de ingresos, por lo cual en ocasiones realiza labores domésticas en casa de sus vecinos.
En la actualidad se encuentra solicitando de un crédito con el objeto de invertir en la compra de insumos como telas, botones e hilos, para reactivar sus labores y dedicarse a la confección directa, lo que le permitirá generar ingresos constantes para mejorar la calidad de vida de 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.