Maria is 42 years old. She is a family-oriented woman dedicated to her 12 year old child. Her top priority is the wellbeing of her family and she is ready to do whatever is necessary to guarantee them better living conditions.
For four years she has been working as a seamstress because of the difficult economic situation that came about in her home and she wanted to help her husband with the expenses. This is why she began tailoring clothing for her neighbors and over time she has been increasing the volume of work.
Her biggest dream is to be able to provide jobs for others in her business.
Currently she is requesting a loan in order to buy a flatbed sewing machine with the idea of improving the quality of the benefits of the service and to generate better earnings that will allow her to provide her child with a better education.
María de 42 años, es una mujer hogareña dedicada a su hijo de 12 años de edad, su mayor prioridad es el bienestar de su familia y por ella está dispuesta a ser lo que sea necesario para garantizarles mejores condiciones de vida.
Desde hace 4 años se dedica a la confección, debido a una difícil situación económica que se presentó en su hogar y quiso ayudarle a su esposo con los gastos. Por esta razón inició realizando arreglos de modistería a sus vecinos y con el tiempo ha ido incrementando su capacidad de producción.
Su mayor sueño es poder tener una empresa generadora de empleo.
En la actualidad se encuentra solicitando un crédito para la compra de una máquina plana, con el fin de mejorar la calidad en la prestación del servicio y generar mayores ingresos que le permita ofrecerle a su hijo una mejor educación.
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.