49-year-old María is a single mother with three children for whom she works tirelessly so that she can provide them with better living conditions. She currently works as a seamstress, a trade that she learned while working as a sewing machine operator for different companies. After years of working as an employee, she decided to set up her own workshop so that she could improve her family's financial situation.
María is now well known in her field for the good quality of her work and the good service she provides. Her biggest dream is to create her own line of clothing. She is requesting this loan to buy fabric which she will use to start her new project.
María hopes to be able to improve her family's quality of life and continue growing her business.
María de 49 años de edad, es madre soltera de tres hijos, por los cuales lucha incansablemente para ofrecerles mejores condiciones de vida. Actualmente se dedica a la confección, actividad que aprendió debido a que laboró como operaria de confección en diferentes empresas. Después de años de trabajo como empleada decidió crear su propio taller con el propósito de mejorar sus ingresos y las condiciones económicas de su hogar.
Hoy María es una mujer bastante reconocida en el sector por la calidad de su trabajo y el buen servicio. Su mayor sueño es crear su propia línea de ropa, razón por la cual se encuentra solicitando un crédito para la compra de telas, con las que iniciará su nuevo proyecto.
Espera poder mejorar la calidad de vida de su familia y seguir creciendo en el sector.
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.