Blanca, 30 years old, is the mother of three young children. She has worked for 12 years as a seamstress to sustain her household. She is the head of her family and wants to be able to give her daughters a good education. This is the main motivation that drives her to work hard.
Thanks to her years of work, this woman had gained experience to perfect her work, and with her discipline and strength, she has started her own tailor shop, through which three women have been able to learn the trade and make money for their families.
These days, she is happy because of the achievements she has made, but her dreams don't stop there. She is currently requesting a loan to purchase a sewing machine and two needles that will allow her to improve her production capacity and grow her income.
She hopes that her daughters will be able to get a good education and grow freely.
Blanca de 30 años, es madre de tres hijos menores de edad. Se ha dedicado desde hace 12 años al oficio de la confección como medio de sustento para su casa. Ama su familia y desea poderle ofrecer a sus hijas una buena educación. Este es el principal motivo que la impulsa a trabajar duramente. Gracias a los años de su trabajo esta mujer ha logrado adquirir experiencia para perfeccionar su oficio y con su disciplina y entereza a montado su propio taller de confección, en el que le ha permitido a tres mujeres aprender de la actividad y generar dinero para sus familias.
Hoy se siente feliz por los logros alcanzados, pero sus sueños no paran y en la actualidad se encuentra solicitando un crédito para la compra de una máquina plana y dos agujas que le permitirán mejorar su capacidad de producción e incrementar sus ingresos.
Espera que sus hijas puedan tener acceso a una buena educación y a un libre desarrollo.
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.