Maria is a very enterprising woman with more than 30 years of experience in the world of sewing. She works together with her two sisters supporting her family and helping them to grow and obtain resources. She is the mother of 2 children who are already adults. She is requesting a loan to buy fabric in great quantities in order to start her own line of clothing and not be limited by what other fashion lines have to offer in a given season. Her dream is to be able to grow day by day, have a business with more employees and a successful line of clothing that can be distributed in the whole country.
María es una mujer muy emprendedora con más de 30 años de experiencia en el mundo de las confecciones trabaja junto con sus dos hermanas sosteniendo la familia y apoyándolas en crecer y obtener recursos para subsistir, madre de 2 hijos ya mayores de edad.
Solicita un crédito para la compra de tela en grandes cantidades para iniciar su propia línea de ropa y no depender de lo que tenga las otras campañas para confeccionar.
Su sueño es poder crecer cada día más y tener un negocio con mayor número de empleados y una exitosa línea que se distribuya en todo el país
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.