Diana is a 28 year old young woman and the mother of two children. She has been making and repairing shoes for the past 10 years. She learned this through a family tradition which allows her to generate an income with which to support her household. With her small workshop, located in her home, this woman works daily to find better alternatives for her life. She is asking for this loan so she can buy supplies (buckles, soles, heels, leatherette) to complete a production run which is on hold due to a shortage of working capital.
She hopes to increase her income and buy a house in order to improve her family’s quality of life.
Diana es una joven de 28 años de edad y madre de dos hijos. Desde hace 10 años se dedica a la fabricación y arreglo de calzado. Actividad que aprendió por tradición familiar y que le permite generar el sustento para su hogar. Con un pequeño taller ubicado en su residencia, esta mujer lucha diariamente por buscar mejores alternativas de vida. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de insumos (hebillas, suelas, tacón, cuerina) para terminar una producción que tiene represada por falta de capital.
Sueña con aumentar sus ingresos y comprar una vivienda para 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.