Maribel is 38 years old and is an entrepreneurial and hardworking person. She has worked in the sewing guild and, as a result, she has a lot of knowledge and experience. For more than a year she has had a small family business doing third party clothing manufacturing and has generated work for two other members of her family.
Maribel dreams of acquiring a motorcycle to facilitate merchandise deliveries and pick ups. This is why she is requesting this loan from the corporation. With this loan she will buy the motorcycle as well as stocking up the small business with supplies to carry out her work (thread, cloth, elastic, etc.). This will allow her to have better production and, as a result, increase her family's income. In this way she will obtain a better quality of life.
Maribel de 38 años, es una persona emprendedora y luchadora, ha trabajado en el gremio de las confecciones y por ello tiene amplio conocimiento y experiencia, desde hace más de un año tiene una microempresa familiar de confección a terceros, y ha generado empleo a otras dos personas de su familia, Maribel sueña con adquirir una moto para agilizar más la entrega y la recogida de la mercancía, motivo por el cual hace la respectiva solicitud ante la Corporación y con éste crédito comprará la moto y también surtirá la microempresa de insumos para desempeñar mejor su labor ( hilos, telas, resortes,etc) teniendo mayor producción y por lo consiguiente aumentar los ingresos familiares obteniendo de ésta manera un nivel de vida de mayor calidad.
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.