Luz Dary is 46 years old. She is a hardworking woman who has a strong desire to progress in life. She explains that she learned her trade through family tradition and perfected it when she was given the opportunity to work in a sewing workshop.
With the goal of being available to care for her son, she decided to retire from her job and establish her own sewing workshop. Thanks to this business, she has managed to carry on providing a good future and better life opportunities to her family.
Her greatest dream is to expand her business and increase her level of production; to achieve that goal, she is requesting a loan that will be used to purchase supplies like thread, elastic, and fabric. She hopes to be able to save the money she needs to buy her own home.
Luz Dary de 46 años de edad, es una mujer trabajadora y con muchos deseos de progresar en la vida, Cuenta que aprendió el oficio por tradición familiar y lo perfeccionó cuando le dieron la oportunidad de laborar en un taller de confección.
Con el fin de estar pendiente del cuidado de su hijo, decidió retirarse en donde laboraba y crear su propio taller de confección. Gracias a esta actividad, ha logrado salir adelante ofreciéndole a su familia un buen futuro y mejores oportunidades de vida.
Su mayor sueño es ampliar su negocio e incrementar el nivel de producción y para lograrlo se encuentran solicitando un crédito que destinará en la compra de insumos (hilos, resortes, telas). Espera poder ahorrar el dinero necesario para comprar su propia vivienda
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.