For the last five years, Yamile has had a business selling merchandise at retail and from catalogs. She feels very happy, because she is able to manage her time and additionally she gets a lot of time to spend with her three-year-old son.
She wants her business to grow so that she can improve her financial situation, and provide her son with a better quality of life on a daily basis.
Her dream is to have her own premises and keep them well-stocked with products, so that she can have a good customer base and offer a variety of products.
Yamile desde hace 5 años tiene un negocio de venta de mercancía al detal y por catálogo, ella se siente muy feliz porque puede manejar su tiempo además de poder estar mucho tiempo con pequeño hijo de 3 años.
Ella quiere que su negocio crezca y así poder mejora su economía para brindarle a su hijo cada día una mejor calidad de vida.
Su sueño es tener un local bien surtido de productos para tener buena clientela y con variedad de productos.
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.