Martha, the mother of a family, has been a tailor for her whole life. This gave her the idea to start her own business, which in the beginning offered tailoring services to third parties. Now, she manages her own line of clothing, while still offering tailoring services.
She will invest the loan in the purchase of a tabletop sewing machine and the repair of some broken machines, and supplies and capital to hire another worker.
This loan will allow her to improve her performance and grow her own clothing line. She hopes that the business will strengthen and last for a long time.
Martha madre de familia, ha trabajo toda su vida en el campo de la confección, lo que le ha dado el impulso para crear su propia empresa, quien en un principio empezó con servicios de confección a terceros, ahora maneja su propia línea de ropa, sin dejar atrás la confección como proveedor.
El crédito lo invertirá en la compra de una maquinaria plana, arreglar varias máquinas que están defectuosas, insumos y capital para una operaria adicional
Este crédito le permitirá un mejor rendimiento en su trabajo y crecer su propia línea de ropa. Anhelando que la empresa se fortalezca y perdure en el tiempo
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.