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Mari Meller
Mari is 36, married, and is the mother of 2 adolescent children.

She has been working doing sewing for about 9 years, providing services to third parties. She learnt the work on the job, and over time she has learnt more skills, knowledge and techniques that have helped her succeed.

Currently, she has her own workshop in an area of her home. She works there every day from the early hours of the morning, earning money to let her support her husband with the costs of running the household.

She will use the loan to buy a sewing machine that makes buttonholes and will make alterations in her workspace. This will let her optimise space to improve her working conditions. In addition, she will be able to save time and production costs, giving her the capacity to fulfil orders in a timely manner.

In spite of the fact that this is such a competitive market, where she has to pay attention to customer satisfaction every single day, Mari says that her greatest wish is to make the business independent of the home, because she wants to set up in a larger sewing workshop, with more machines to generate work opportunities. She also dreams of achieving economic stability, which would allow her to enjoy a better quality of life and wellbeing with her family.
View original language description ↓
Mari, a sus 36 años de edad, es casada y madre de 2 hijos adolescentes.
Hace aproximadamente 9 años se dedica a trabajar en el campo de la confección, prestando el servicio a terceros, el oficio lo aprendió de manera empírica y con el transcurrir del tiempo ha obtenido mayores habilidades, conocimientos y técnicas que le han permitido salir adelante.
Actualmente tiene su propio taller ubicado en un espacio de su vivienda, allí trabaja todos los días desde las primeras horas de la mañana, logrando así generar recursos económicos que le permitan apoyar a su esposo con el sustento del hogar.
Con el crédito que solicita comprará una máquina hojaladora y realizará adecuaciones en el espacio de trabajo, esto le permitirá optimizar el espacio para mejorar las condiciones de trabajo, además podrá ahorrar en el tiempo y los costos de producción, brindándole la capacidad para cumplir con los pedidos de manera oportuna.
A pesar de ser un mercado tan competido, en el que se debe velar diariamente por la satisfacción del cliente, Mari manifiesta que su mayor anhelo es independizar su negocio de la unidad familiar, pues quiere tenerlo ubicado en un local amplio, con más maquinaria para poder generar oportunidades de empleo, además sueña con tener una estabilidad económica que le permita disfrutar con su familia una mejor calidad de vida y bienestar.

Additional Information

Important Information

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.

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About Colombia

  • $6,070
    Average annual income
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,838,275
    Funds lent in using Kiva
  • 2,036.3
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,475 helped Mari Meller to buy a sewing machine and to make alterations in her workspace.
48% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Mar 14, 2014
Currency Exchange Loss:
Possible