Viviana is the single mother of three children, whom she has gotten ahead through hard work and dedication. During her professional life, she has worked in third-party tailoring. She does this work from the comfort of her own home. She works on her own every day, which has allowed her to generate the income to cover her family's expenses.
The loan she is requesting will be invested in remodeling her workspace, as she needs to expand it to realize her dream of offering others employment. This will also improve the flexibility and quantity of her output, which will improve sales and profits.
Viviana tells us that her greatest wish is to see her business grow and to have the financial ability to get her children ahead and offer them an education so they will become upstanding, successful people.
Viviana es una madre soltera de 3 hijos a los que ha sacado adelante con esfuerzo y dedicación. Durante su vida productiva se ha dedicado a la confección a terceros, actividad que realiza desde la comodidad de su vivienda, trabaja sola todos los días y así ha logrado generar recursos para solventar los gastos familiares.
El crédito que solicita será invertido en la adecuación del espacio de trabajo, pues requiere ampliarlo para cumplir su sueño de brindar oportunidades de empleo y así mejorar la agilidad y la capacidad de producción para mejorar las ventas e ingresos.
Viviana manifiesta que su mayor anhelo es ver crecer su negocio y tener la capacidad económica para sacar adelante a sus hijos y brindarles educación para que sean personas íntegras y existosas.
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.