She is a strong and hardworking woman, always looking for opportunities that will enable her to get ahead, in spite of all the adversities that life has imposed upon her.
Currently she works in dressmaking, a trade that she learnt from a friend and through various training courses that she has attended. This is how she has made a living to be able to support and educate her son, who has become the driving force of her life.
She sews all types of clothing that her clients request, and on some occasions, she does assembly work for several companies which request her services.
With the aim of strengthening her business, she is asking for a loan to be able to buy wholesale materials (fabric, buttons, thread, accessories, zippers, etc.). This will enable her to offer more variety to her customers and thus improve her production and profit margins for each sale.
Maria’s intends to expand her business in the medium term, to be able to make opportunities for employment and to improve the quality of life and wellbeing of her son.
Es una mujer pujante y trabajadora, siempre busca alternativas que le permitan salir adelante, a pesar de todas las adversidades que la vida le ha impuesto.
Actualmente se dedica a la confección, oficio que aprendió de una amiga y por medio de diferentes cursos de capacitación a los que ha asistido, así se ha ganado la vida para dar sustento y educación a su hijo, quien se ha convertido en el motor de su vida. Confecciona todo tipo de modas que sus clientes le encargan y, en algunas ocasiones realiza maquilas para algunas empresas que solicitan sus servicios.
Con el ánimo de fortalecer su negocio, solicita el apoyo del crédito para comprar insumos al por mayor (telas, botones, hilos, accesorios, cierres, entre otros), esto le permitirá ofrecer más variedad a sus clientes y así mejorar su producción y el margen de ganancia por cada venta.
María tiene como propósito la ampliación de su negocio a mediano plazo, para generar oportunidades de empleo y mejorar la calidad de vida y bienestar de su hijo.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
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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