Sandra Viviana is a 29-year old woman who is married and has two daughters. She has worked as a dressmaker for 8 years, working first for dressmaking companies and then, thanks to the experience obtained, starting her own business. She makes all kind of tailor-made clothes, such as pajamas, sporting clothes, blouses, etc. and has obtained enough earnings to support his household and daughters.
She's requesting a loan to the Corporation to buy a sewing machine that will allow her to give an excellent finish to the clothes and a better quality to her clients. She expects to increase production and sales and, therefore, also earnings. Her biggest dream is to significantly increase her studio, to have a well-organized business and to create job opportunities.
Sandra Viviana es una mujer de 29 años de edad, está casada y tiene 2 hijas. Hace 8 años se dedica a la actividad de la confección, luego de haber laborado en varios talleres de confección como operaria y, gracias a la experiencia obtenida decidió montar su propio taller, donde confecciona todo tipo de prendas sobre medida, como pijamas, ropa deportiva, blusas entre otros, con lo que ha obtenido los ingresos necesarios para el sostenimiento de sus hogar y sus hijas. Con el crédito que solicita en la Corporación desea comprar una máquina plana industrial, que le permitirá dar una excelente terminación a las prendas que confecciona y brindarle una mayor calidad a sus clientes; de esta manera podrá aumentar su producción y las ventas, que se traduce en mayores ingresos económicos. Su mayor sueño es hacer crecer su taller significativamente, que sea organizado y con la posibilidad de generar nuevas 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.