Omaira, 42 years old, is a microentrepreneur who makes clothing as a subcontractor. Her work ensures her family's well-being and improved economic circumstances. She has faced great challenges in her life, and she had to work and study hard to achieve her dreams. Omaira is an model of discipline and dedication in her community. Thanks to the opportunity she had to work for a company for more than five years, she acquired experience and enough money to start her own business, which now provides all of her income. Hoping to increase her production capacity, she is requesting a loan that she will use to do some construction in her home to expand her work space.
Omaira de 42 años de edad, es una microempresaria dedicada a la confección a terceros, actividad que le garantiza bienestar a su familia y mejores condiciones económicas.
En su vida ha tenido que afrontar grandes retos, pues su familia nunca tuvo los recursos para ofrecerle educación, por lo cual tuvo que trabajar y estudiar para alcanzar sus sueños,
Omaira es hoy un ejemplo de disciplina y esfuerzo para su comunidad.
Gracias a la oportunidad que tuvo de laborar en una empresa por más de cinco años, adquirió experiencia y el dinero para montar su negocio, el cual se ha convertido en su fuente de ingresos. Con el propósito de ampliar su capacidad de producción, se encuentra solicitando un crédito con el que pretende realizar adecuaciones locativas en su vivienda para ampliar la zona de trabajo.
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.