She works in her own business, a woodworking shop that she began as an endeavor to make money. It allowed her to get her son ahead and take care of the basic needs of their household. In the workshop she makes all types of wooden furniture, especially kitchen cabinetry. She has the help of her son and an employee who works seasonally. Her work schedule is from 7 a.m. until 5 p.m. from Monday through Saturday.
She will invest the loan she is requesting in the wholesale purchase of materials (wood and paints, among others). This will allow her to finish the orders that have already been made, as well as to have enough available to get bigger orders, which will generate a bigger profit.
With her perseverance and positive attitude when facing life, María wants to keep fighting to reach her goals. She dreams of her business having continuity and permanence, and of attracting new customers. Then she will be able to improve the quality of life and well-being of her immediate family.
Se ha dedicado a trabajar en su propio negocio, una ebanistería que inició como alternativa para generar ingresos que le permitieran sacar adelante a su hijo y solventar las necesidades básicas del hogar, allí fabrica todo tipo de mobiliarios en madera, especialmente cocinas integrales, cuenta con el apoyo de su hijo y de un empleado que contrata por temporadas, su horario de trabajo es de 7 am a 5 pm de lunes a sábado.
El crédito solicitado será invertido en la compra de materia prima al por mayor (madera, pinturas, entre otros), esto le permitirá cumplir con los pedidos ya contratados y tendrá disponibilidad suficiente para adquirir contratos más grandes, que le generen mejores utilidades.
María, con su perseverancia y actitud positiva frente a la vida, quiere seguir luchando para lograr sus objetivos y sueña con darle continuidad y permanencia en el tiempo a su negocio, atraer nuevos clientes y así estará en la capacidad para mejorar la calidad de vida y el bienestar de su núcleo familiar.
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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