Celmira, 57, is the mother of four children. She has earned a living making clothing for more than 15 years. She learned the work thanks to a friend who taught her. She works in her shop in her home every day from 8 a.m. until 6 p.m.
Currently she wants to buy a tabletop sewing machine and a serger to improve the time it takes to deliver her orders.
She hopes to increase her income and improve her family's quality of life. His biggest desire is to have a great tailor shop and create direct jobs for people in her town.
Celmira de 57 años de edad, es madre de cuatro hijos; se dedica desde hace más de 15 años a la confección de prendas de vestir. Aprendió la labor gracias a una amiga quien le enseño. Labora en su taller ubicado en su vivienda todos los días de 8:00 am a 6:00 pm. En la actualidad desea comprar una maquina plana y una fileteadora con la cual podrá mejorar los tiempos de entrega de los pedidos. Espera incrementar sus ingresos y mejorar la calidad de vida de su familia. Su mayor deseo es tener un gran taller de confecciones y con este generar empleos directos para las personas de su localidad.
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.