Now Maria wishes to start making her dream come true, which is why she is asking for a loan. She will invest the money in the purchase of a sewing machine that makes buttonholes and a sewing machine that attaches buttons.
She hopes to see her business grow, and in the medium term, she hopes to be able to give her community the opportunity of getting a decent job.
Hoy esta mujer desea iniciar con la materialización de su sueño, por lo cual se encuentra solicitando un crédito que invertirá en la compra de una máquina ojaladora y otra botonadora.
Sueña con ver crecer su negocio y en el mediano plazo, proporcionándole a su comunidad la oportunidad de acceder a un empleo digno.
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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