Janneth, 40, is the mother of two children. Her economic activity to support her family is making clothes. She focuses on pajamas and blouses for women in her small shop located at home which allows her to have time to do her household chores and to spend with her children.
She’s asking for a loan to buy supplies (fabric, thread, needles) to increase sales and improve her home’s quality of life. She dreams with having a larger workshop and becoming a source of employment for her community.
Janneth a sus 40 años de edad es madre de dos hijos. Se dedica al oficio de la confección, como actividad económica para el sostenimiento de su familia. Se enfoca en la confección de pijamas y blusas para dama, en un pequeño taller ubicado en su residencia, lo que le permite dedicarle tiempo a las labores del hogar y a compartir con sus hijos.
Se encuentra solicitando un crédito que invertirá en la compra de insumos (telas, hilos, agujas) con el propósito de aumentar las ventas y mejorar la calidad de vida de su hogar. Sueña con tener un taller más grande y convertirse en una fuente de empleo para su comunidad.
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.