Gladys, 42 years old, is a woman who has fought tirelessly to succeed and move forward with her three children, who are all minors. Because she is a single mother, she has had to handle the household expenses and fight for the well being and education of her children.
She works in sewing, a trade that she learned thanks to her mother. She works every day from 8 am to 6 pm, making repairs and outfits for her neighbors.
Her greatest dream is to be able to create a business dedicated to making (clothes) for others with the goal of improving her economic situation and creating a new source of employment for women who are the head of their families. In order to realize her dream, Gladys finds herself requesting a loan that she will invest in purchasing a sewing machine that makes buttonholes, as well as purchase supplies to improve the quality of her service and generate better income to guarantee her children a better quality of life.
Gladys de 42 años, es una mujer que ha luchado incansablemente por salir adelante con sus tres hijos de los cuales dos son menores de edad. Por ser madre soltera le ha tocado correr con los gastos de su hogar y luchar por el bienestar y la educación de sus hijos.
Se dedica a la sastrería, oficio que aprendió gracias a su madre. Labora diariamente de 8 de la mañana a 6 de la tarde realizando arreglos y vestuarios a sus vecinos.
Su mayor sueño es poder crear una empresa dedicada a la confección de terceros con el fin de mejorar su situación económica y generación de una nueva fuente de empleo para mujeres cabeza de familia. Con el propósito de alcanzar su sueño Gladys, se encuentra solicitando un crédito que invertirá en la compra de una máquina ojaladora e insumos para mejorar la calidad en el servicio y generar mayores ingresos para garantizarle a sus de sus hijos mejores condiciones de vida.
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.