After working for a number of years in a store, and motivated to have her own business, Alba Nury started to sell merchandise among some well-known shopkeepers using her own savings. This is the work that she is doing now, and thanks to this business she generates her own income, which she uses to contribute to the household expenses.
In the future, this enterprising woman dreams of expanding her business and gaining more and more customers over time. For now, she needs a loan so that she can acquire merchandise and in this way increase her income.
Después de trabajar durante algunos años en un almacén y motivada por tener su propio negocio, Alba Nury con sus ahorros empezó a vender mercancía entre tenderos conocidos, actualmente se dedica a esta labor y gracias a ella obtiene sus propios ingresos, los cuales kle sirven para aportar al cubrimiento de los gastos del hogar.
En el futuro esta emprendedora sueña con ampliar su mercado y tener cada vez más clientes con el fin de crecer su negocio, por ahora necesita de un préstamo para adquirir mercancía y así aumentar sus ingresos.
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.