Astrid is 46 years old and has two children. She has been working in the dressmaking industry for 15 years and uses the small studio in her house. She learned this profession from her mother, who was a dressmaker.
She has big dreams for the future and works to provide a better present for her family. Thanks to her job, there is bread in her house and her children have the privilege to study. Her wish is to improve the quality of life of her family, which is why she's requesting a loan to buy a sewing machine and fabric. This will allow her to increase her income and to have access to a decent home.
Astrid a sus 46 años de edad es madre de dos hijos. Desde hace 15 años se dedica al oficio de la confección directa en su pequeño taller ubicado en su vivienda. Aprendió esta actividad gracias a su madre quien era costurera.
Con grandes sueños por delante esta mujer construye un mejor presente para su familia debido a que gracias a su trabajo en su casa hay pan para comer y sus hijos gozan del privilegio de poder estudiar. Su más grande deseo es poder mejorar la calidad de vida de su familia y para ello se encuentra solicitando un crédito para la compra de una máquina fileteadora y telas con el propósito de aumentar sus ingresos y acceder a una vivienda digna.
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.