Ninfa Del Rocio
Update on Ninfa Del RocioNinfa is a 45 year-old woman, head of the household since the separation from her ex-husband and tireless fighter who always looks for the best to offer her children. More than 13 years ago she started working as a seamstress, a job that she learned as an option to generate income that would permit her to cover the basic expenses of her family. She offers her services to third parties, for whom she makes shirts and work shirts. She works every day and has the advantage that she is known in the market because of her extensive experience. In addition, she has been offering her services to the same clients for 10 years who trust and know her products; therefore, she has work all year.
She is applying for the loan as support to buy supplies in bulk (fabric, thread, buttons, among others). Therefore, she will have prime materials available to fulfill the orders in an agile and opportune manner to be able to acquire more contracts. This will benefit her economy, upon receiving more income for each production.
Ninfa pushes herself for a medium-term future, strengthening and growing her business, so that it may have a greater fiscal and financial structure to be able to create new work opportunities and thus guarantee a favorable profitability to give her children quality university education. She dreams of seeing them become full and successful professionals.
Solicita el crédito como apoyo para comprar insumos al por mayor (telas, hilos, botones. Entre otros), así tendrá materia prima disponible para cumplir con los pedidos de manera ágil y oportuna para poder adquirir más contratos, lo que beneficiará su economía, al recibir mejores ingresos por cada producción.
Ninfa se proyecta para un futuro a mediano plazo, fortaleciendo y ampliando más su negocio, que tenga una estructura tanto física como financiera más amplia para poder generar nuevas oportunidades de empleo y así garantizar una rentabilidad favorable para dar a sus hijos educación universitaria de calidad; pues sueña con verlos convertirse en profesionales íntegros y exitosos.
Previous Loan DetailsNinfa is a creative person who wants to improve her life. Her four children have been her main motivation to go in search of better opportunities. For 12 years, she has worked making clothing and jewelry, which has allowed her to give her family a better quality of life. She has many customers… More from Ninfa Del Rocio's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid