María Del Socorro
She states that since her youth she’s always dreamed with having her own workshop so she feels a great satisfaction to see that her dream is about to materialize. One of the great advantages she has is that she has many customers in the sector so she should reach a point of equilibrium in a shorter period of time.
Con su visión y ganas de salir adelante, hoy se encuentra decidida a crear su propio taller, por lo cual se encuentra solicitando un crédito que invertirá en la compra de tres máquinas de confección con el propósito de ofrecer un servicio de calidad, mejorando su condición económica y garantizándole a su hijo de ocho meses de edad un calidad de vida digna.
Asegura que desde su juventud, siempre soñó con tener su propio taller, por lo cual siente gran satisfacción al ver que su sueño está a punto de materializarse.
Una de sus grandes ventajas es que cuenta con muchos clientes del sector, por lo cual alcanzará el punto de equilibrio en un menor tiempo.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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