Diane is an enterprising woman who is dedicated to her business, textile printing. Together, she and her husband work every day to fill orders on time and to produce a product characterized by its effectiveness and quality.
She dreams of being able to provide a better future for her son, establishing herself economically and thus improving her quality of life. Currently she sees the necessity of buying more of the dyes used for printing, but lacks the capital necessary to make this purchase. Consequently, she is requesting a loan which will be invested in those tools of the trade that are indispensable for production, quality and effectiveness.
Diana es una mujer emprendedora dedicada a su negocio, donde se dedica a la estampación textil, en compañía de su esposo trabajan todos los días para entregar los pedidos a tiempo y prestar un servicio que se caracterice por la efectividad y la calidad del producto.
Sueña con poderle ofrecer a su hijo un mejor futuro, estabilizarse económicamente y así mejorar su calidad de vida, actualmente ve la necesidad de comprar más pinturas con las que se estampa, pero no tiene el capital necesario para hacer esta compra por lo que solicita un crédito que invertirá en esas herramientas de trabajo que son indispensables para la producción, la calidad y la efectividad.
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.