Gloria Amparo has four children and she is aware that, in order to offer them a better future, she needs to work so that she can contribute towards covering her household expenses. For this reason, more than two years ago this entrepreneur started selling goods from her home. She sells catalog goods, miscellaneous goods and iced treats.
Gloria needs a loan to buy two display cases in which to better display her products. She will also buy some catalog beauty products which are cheaper when you buy in bulk. In this way, she will increase her profits.
In the future, Gloria dreams of owning her own store where she will sell a large variety of products to her customers.
Gloria Amparo tiene 4 hijos y es consciente que para ofrecerles un mejor futuro necesita contribuir con su trabajo al cubrimiento de los gastos del hogar, para ello, desde hace más de 2 años, esta emprendora vende en su propa casa tropa por encargo, productos por catálogo y variedades, así como helados.
Gloria necesita de un préstamo para comprar 2 vitrinas para acomodar y exhibir mejor sus productos, así como para comprar algunos productos de belleza de los catálogos que llegan a menor precio con el fin de comprar mayor cantidad y así incrementar sus ganancias.
En el futuro sueña con tener su propio almacén donde ofrezca gran variedad de productos a sus clientes.
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.