Marleny works alongside her husband every day in her store located very near to her house in the town of Envigado in south Antioquia. Marleny is 50 years old and watches over her husband and her three children’s wellbeing.
Marleny hopes to buy an assortment of merchandise for her store like soft-drinks, snacks, candy, baked goods and others that she sells in her store to offer her customers a wider variety and increase sales so that in the future she can have a better positioned, consolidated business in the sector.
La señora Marleny trabaja junto con su esposo todos los días en su tienda ubicada muy cerca de su vivienda localizada en el municipio de Envigado al Sur de Antioquia. La señora Marleny tiene 50 años de edad y vela por el bienestar de sus tres hijos y esposo.
La señora Marleny espera comprar surtido para su tienda como gaseosas, snaks, dulces, productos de panadería y demás que vende en su negocio con el fin ofrecer a sus cliente mayor variedad y de esta forma incrementar sus ventas para poder en un futuro tener un negocio más posicionado y consolidado en el sector.
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.