Amparo, at the age of 55, has worked in sewing for more than 20 years. She worked for a long time as an employee in different workshops in her area, and 7 years ago she decided to become independent, with the goal of creating her own business and improving her income.
Now sewing has become her principal business, and thanks to this her family enjoys better living conditions.
Amparo is a woman full of dreams, and that is why she is applying for a loan to buy fabrics and thread for the purpose of creating a line of clothing for babies, which she hopes to sell and distribute to the stores of her municipality.
She hopes that this investment will allow her to increase her income, grow within the local market, and generate new sources of employment.
Amparo a sus 55 años de edad, se dedica desde hace 20 años a la confección. Laboró por mucho tiempo como empleada en diferentes talleres de su localidad y desde hace siete años tomó la determinación de independizarse con el fin de crear su propio negocio y mejorar sus ingresos.
Hoy la confección se ha convertido en su principal actividad económica y gracias a esta su familia goza de mejores condiciones de vida.
Amparo es una mujer llena de sueños, por lo cual se encuentra solicitando un crédito para la compra de telas e hilos con el propósito de crear una línea de ropa para bebe, la cual espera comercializar y distribuir en los almacenes de su municipio.
Espera que esta inversión le permita aumentar sus ingresos y crecer dentro del mercado local y generar nuevas fuentes de empleo.
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.