At 28 years old and a mother of two, Liseth is an enterprising woman who wakes up every morning with the desire to move her children ahead in life. She works from home providing manicures and pedicures to her neighbors and acquaintances. She has been doing this work for the last eight years, and feels lucky to have a business where she can also take care of her children. She dreams of having a beauty salon to provide her with more financial stability, and as she is working little by little towards her dream, she would like to buy more work-tools to improve her service; for example, nail varnishes, and means of organizing them. She would also like to buy a foot-massage machine but she doesn't have the capital to make these purchases. This is why she is requesting a loan which will allow her to continue to make progress, improve her service, and keep her customers satisfied. Her income will also grow, and her quality of life will improve noticeably.
A sus 28 años de edad y como madre de 2 hijos Liseth es una mujer emprendedora que se despierta día a día con la ilusión de sacar a sus hijos adelante, ella trabaja desde su casa arreglando unas de manos y pies a sus vecinos y allegados. Esta labor la realiza desde hace 8 años y se siente afortunada por tener un negocio donde pueda estar al pendiente de sus hijos, sueña con tener una sala de belleza que le genere mas estabilidad económica y como ella trabaja poco a poco en su sueño quiere comprar mas herramientas de trabajo para mejorar el servicio, como esmalte para maquillar las uñas, e implementos para organizarlas, adicional a esto quiere comprar una maquina de masajes para pies, pero ella no cuenta con el capital para hacer esas compras por lo que solicita un préstamo que le permita seguir progresando, mejorando el servicio y dejando clientes satisfechos, así sus ingresos se irán incrementando y su calidad de vida mejorará notablemente.
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.