Lucelly is 45 years old and a fashion designer. She was able to set up her own workshop where she makes boxer shorts for men. She works alone and has the advantage of managing her own time. By this she is able to generate resources to support her family.
She wants to invest the loan she asks for in buying raw materials in bulk (fabric, thread, rubber bands, etc.), which will enable her to have available the supplies she needs to meet the current demand for her products and to fulfill orders in a timely manner. This gives Lucelly the option to improve her sales and get more funds to continue striving to fulfill her main dream: to make a greater diversity of own brand products and generate higher returns, and to the same extent to satisfy the needs of her buyers.
Lucelly, con 45 años de edad, es diseñadora de modas, lo que le permitió montar su propio taller de confección en el que produce bóxer para hombres, trabaja sola y tiene la ventaja de manejar su propio tiempo, de esta forma logra generar recursos para el sustento de su familia.
El crédito que solicita desea invertirlo en la compra de materia prima al por mayor (telas, hilos, elásticos, entre otros), lo que le permitirá tener disponibilidad de insumos para satisfacer la demanda actual de sus productos y cumplir con los pedidos de manera oportuna. Esto le brindará la opción a Lucelly, de mejorar sus ventas y percibir mejores recursos para seguir luchando por el cumplimiento de su principal sueño, que es poder producir más diversidad de productos de marca propia para generar una mayor rentabilidad, en la misma medida que satisface las necesidades de sus compradores.
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.