This determined woman earns her income by providing alterations, mending garments, and designing clothes. She currently needs a loan to buy supplies, such as fabrics and thread, so that she can improve her capacity to fulfill orders and increase her income.
Ropa sobremedida, arreglos de prendas de vestir, entre otras confecciones son la fuente de ingresos de esta luchadora que actualmente necesita de un préstamo para comprar insumos como telas e hilos que le permitirán mejorar su capacidad de respuesta en cuanto a los pedidos y así incrementar sus ingresos.
Important InformationThis 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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