Claudia Patricia is 31 years old and has an eight-year-old son. She works as a seamstress, thanks to a friend who told her about this activity. She took sewing classes at SENA and has worked in sewing companies, where she acquired more experience in making all types of clothing, costumes, and making repairs.
She would like to invest this loan in the purchase of a sewing machine to sew all types of stitches. This will allow her to make a much more polished garment and offer a better quality to her clients. She can then raise her income and improve her young son's quality of life.
Her greatest dream is to expand her sewing workshop, therefore generating more employment opportunities.
Claudia Patricia es una mujer de 31 años de edad, madre de un hijo de 8 años. Se dedica a la confección, gracias a una amiga que le dio a conocer dicha actividad; ha realizado cursos de confección en el SENA y ha laborado en empresas de confección donde ha adquirido más experiencia en la elaboración de todo tipo de prendas de vestir, disfraces y haciendo arreglos. El crédito lo desea invertir en la compra de una máquina de puntadas, para realizar todo tipo de puntadas que permitan obtener una prenda mucho más pulida y así brindar mejor calidad a sus clientes, con lo que se incrementarán sus ingresos y mejorará la calidad de vida que le brinda a su pequeño hijo. Su mayor sueño es poder ampliar su taller de confección y de esta forma generar otras oportunidades de empleo.
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.