With just a little capital, José started a tailoring workshop with a great desire to earn an income and help with household costs at the house where he lives with his parents. José learned to tailor by doing a couple of courses, and this has allowed him to do work of good quality that is delivered on time.
With his work, José has managed to take on a number of regular customers who guarantee him good sales every month. José therefore hopes that his business will continue to grow and that he can later offer jobs to those who need them. With the aim of fulfiling a large order from a customer, José is looking for a loan that will allow him to buy an overlock sewing machine and sewing supplies, which he needs. These supplies include needles, threads and material. This loan will allow José to deliver the order from customers.
This loan will allow José to increase production and his work.
Sin mucho capital, José montó su taller de confección con el ánimo de generar ingresos con los cuales pueda sostener los gastos de su hogar donde convive con sus padres. La actividad la aprendió haciendo algunos cursos y esto le ha permitido realizar trabajos que se caracterizan por su buena calidad y su puntualidad en la entrega.
Con sus trabajos, José ha logrado captar un gran número de clientes que le han garantizado muy buenas ventas mensuales, por lo que espera que su negocio siga creciendo y posteriormente pueda generar empleo para las personas más necesitadas. Con la finalidad de responder a un gran pedido que le ha hecho un cliente, José busca que un préstamo le brinde la posibilidad de acceder a la compra de una maquina fileteadora e insumos que requiere para la confección como son agujas, hilos y telas y poder así responder a los pedidos que le han hecho sus clientes.
Con este préstamo podrá aumentar su volumen de producción y trabajo.
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.