50-year-old Luz Stella has won the respect of her community. Her discipline and effort has allowed her to achieve her greatest dream of establishing her own workshop. Tailoring for 20 years, this women has managed to get ahead with her three children. Her experience has opened big doors for her in the commercial sector.
Luz works from home doing outsourced work, which lets her spend more time with her family and do housework. Currently she is requesting a loan that she will invest in the purchase of fabric and thread so that she can complete the orders placed.
Her biggest dream to is to be able to enlarge her business, which will allow her to improve her family's quality of life.
Luz Stella de 50 años de edad, se ha ganado el aprecio de su comunidad. Su disciplina y esfuerzo le ha permitido cumplir con su gran sueño de crear su propio taller.
Dedicada a la confección desde hace 20 años, esta mujer ha logrado salir adelante con sus tres hijos. Su experiencia, la ha abierto grandes puertas en el sector comercial.
Labora desde su casa en confección a terceros, lo que le permite compartir más tiempo en familia y realizar las labores del hogar. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de telas e hilos, con el fin de cumplir con los pedidos solicitados.
Su mayor sueño es poder ampliar su negocio lo que le permitirá mejorar la calidad de vida de su familia.
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.