María is 42 years old and has one son. She has been separated from her husband for some years now, which is why she has had to work tirelessly to give her son a good education and better opportunities in life. She says that she started her own business some time ago, but that it failed and ended in bankruptcy because she did not know enough about the market and competition.
Today María would like to start again with her own business making clothing. She is requesting a loan to receive professional advice and training in the creation of her business, because she does not want to make the same mistakes she did the first time. She hopes to gain a solid basis in business administration, production costs, and sales.
María de 42 años de edad, es madre de un hijo y desde hace algunos años se separó de su cónyuge. Motivo por el cual ha debido trabajar incansablemente para garantizarle a su hijo educación y mejores oportunidades de vida.
Cuenta que hace algún tiempo creo un negocio, pero fracasó quedando en banca rota debido al poco conocimiento que tenía del mercado y la competencia. Hoy desea iniciar nuevamente con su proyecto de empresa de confección, por lo cual se encuentra solicitando un crédito para recibir asesoría en la creación de su empresa y no cometer los errores de su primera experiencia.
Espera que poder aprender bases sólidas sobre la administración, costos de producción y ventas.
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.