Fátima Del Socorro
She is currently requesting a loan so that she can invest in the purchase of fixed assets (a cover stitch machine) and supplies in bulk (fabrics, thread, and elastics), as well as pay for the maintenance of her machines. This will help improve production since the machines will function in the correct manner. By having a wider variety of fabrics in different colors to offer to her customers, Fátima will also be able to deliver well-finished products that are of good quality. This is already reflected by the increase in her sales and her earnings.
Fátima dreams of growing her business and providing job opportunities. She will also be able to improve her living conditions and enjoy a better quality of life with her husband.
Actualmente solicita el crédito para invertirlo en la compra de activos fijos (máquina recubridora), comprar insumos al por mayor (telas, hilos, elásticos) y para realizar mantenimiento a las máquinas, con esto podrá mejorar su producción, pues las máquinas funcionarán de forma correcta y tendrá más variedad de telas y colores para ofrecer a sus clientes, además podrá entregar un producto bien terminado y de muy buena calidad, lo que se verá reflejado en el aumento de sus ventas y de sus ingresos. Fátima sueña con hacer crecer su negocio, para poder brindar oportunidades de empleo y, además tendrá la oportunidad de mejorar las condiciones de vida, para disfrutar de una mejor calidad de vida al lado de su esposo.
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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