María is 52 years old. She is a woman who is admired by her neighbors and family because of her courage and her eagerness to get ahead.
María has an illness in her bones that stops her from being able to be standing up for long periods. That is why she was unable to keep working. Despite this situation, she didn't give up and she sought an alternative to generate income to support her family. Right now, she makes bows for gift wrapping and pastries, which she sells in different businesses in her community.
Her biggest dream is to be able to expand in the locale and become an employment source for her town. Today, she is asking for a loan that she will invest in buying ribbons in different colors and sizes to increase her production capacity and generate a higher sales volume. This will allow her to improve her quality of life.
María de 52 años de edad, es una mujer a la que sus vecinos y familiares admiran por su valentía y las ganas de salir adelante.
María padece una enfermedad en sus huesos lo que le impide estar mucho tiempo de pie, razón por la cual no puedo continuar laborando y a pesar de esta situación, no se rindió y buscó la alternativa de generar los ingresos para el sostenimiento de su familia. En la actualidad se dedica a la elaboración moños para empaques de regalo y productos de repostería, los cuales comercializa en diferentes negocios de su localidad.
Su mayor sueño es poder expandirse en el comercio local y convertirse en una fuente generadora de empleo para su municipio. Hoy se encuentra solicitando un crédito que invertirá en la compra de cintas de diferentes colores y tamaños para aumentar su capacidad de producción y generar un mayor volumen de ventas, lo que le permitirá mejorar sus condiciones 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.