Beatriz Elena is a 47-year-old married woman and mother of one son. She currently works sewing for third persons, she’s been doing this for six years after taking clothes-making courses. She’s a hardworking, enterprising woman who puts in a hard day's work every day in order to fill customer orders and earn income to support her home.
She wants to use the loan she’s asking from the Corporación to service her sewing machines and to buy supplies (thread, fabric, elastic, and buttons) at wholesale to take advantage of the discounts they offer her so that she can have supplies on hand needed to fill her orders on time. Her greatest dream is to make her business grow so that she can offer employment to mothers who are heads of household and to improve her and her family’s quality of life.
Beatriz Elena es una mujer de 47 años de edad, es casada y madre de un hijo. Actualmente se dedica a la actividad de la confección a terceros desde hace seis años, luego de capacitarse en el área de diseño de modas. Es una mujer trabajadora y emprendedora, cada día trabaja en arduas jornadas para poder cumplir con los pedidos de sus clientes y de esta forma conseguir los ingresos para apoyar el sostenimiento de su hogar. Con el crédito que solicita en la Corporación desea hacerle mantenimiento a sus máquinas y comprar insumos (hilos, telas, resortes, botones) al por mayor y aprovechar el descuento que le hacen, para así tener la disponibilidad que requiere para cumplir a tiempo con los encargos. Su mayor sueño es hacer crecer su negocio para brindar oportunidades de empleo a madres cabeza de familia y mejorar su calidad de vida y la 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.