Noriet is a 40-year-old woman who, through a mixture of necessity and opportunity, and with her husband's help, set up a micro-business where she makes men's and women's underwear. She carries out this work in the afternoons and evenings as, in the mornings, she does her housework, looks after her three children and takes care of the house in order to help her husband.
Noriet dreams of turning her micro-business into a large business, becoming well known and making a lot of progress so that she and her husband can support their family and provide their children with everything they need.
Noriet is currently requesting a loan to buy supplies and raw materials such as fabrics, elastic, lace, appliqués, etc. so that she can increase her production, her sales, her income and, proportionally, her family's quality of life.
Noriet es una mujer de 40 años de edad que de una mezcla de necesidad y oportunidad, y con ayuda de su esposo creó una microempresa donde confecciona ropa interior para dama y caballero. Esta labor la realiza en las tardes y noches, ya que en las mañanas Noriet se dedica a las labores del hogar, atender a sus 3 hijos y arreglar todo en su casa para ayudarle a su esposo.
Noriet sueña con convertir su microempresa, en una gran empresa, alcanzar reconocimiento y progresar mucho para junto con su compañero poder sacar su familia adelante y brindar a sus hijos todo lo que necesitan.
Actualmente para lograr aumentar su producción, sus ventas, sus ingresos y proporcionalmente la calidad de vida de ella y su familia, Noriet solicita un crédito para comprar insumos y materia prima como telas, resortes, encajes, apliques entre otros.
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.