At 49 years of age, Georgina is a woman who has always worked hard to make income for her household. She has three children and has always done her best to provide them with a better future. She currently has a general store where she sells drinks, miscellaneous goods, bags and other products that her customers request. For Georgina, the most important thing is to fulfill her customers' shopping needs. For this reason, she always tries to keep her store stocked.
Georgina dreams of being a businesswoman with several general stores and creating several jobs. She knows that, in order to achieve this, she must work very carefully to see a gradual, notable progress. Right now, she needs to stock her business as a good season is approaching when her sales increase and, proportionally, her profits too. However, she doesn't have the capital she needs to buy enough products to stock her store well. For this reason, she is requesting a loan which will allow her to improve her business profits, increase her income and improve her quality of life.
A sus 49 años de edad Georgina es una mujer que siempre ha luchado por generar ingresos para el hogar, como madre de 3 hijos siempre se ha preocupado por brindarles un mejor futuro, actualmente tiene una miscelánea donde vende bebidas, variedades, bolsos y otros productos que sus clientes van pidiendo, pues para ella lo mas importante es satisfacer las necesidades de compra de sus clientes, por lo que procura siempre tener surtida su miscelánea.
Sueña con ser empresaria, tener varias misceláneas y generar varios empleos pero sabe que para ello deberá trabajar con gran esmero para ver un progreso notable poco a poco, hoy en día Georgina ve la necesidad de surtir el negocio, pues se acerca una temporada alta donde las ventas aumentan y proporcionalmente las ganancias también, pero no cuenta con el capital para hacer las compras de un buen surtido, por lo que solicita un crédito que le permita mejorar las utilidades del negocio, aumentar sus ingresos y mejorar su calidad 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.