Miss Juliana is 19 years old and mother of a nine-month old son. At an early age, she learned from a friend how to sell merchandise. This was how, in 2009, she began her own business of independently selling cosmetics, lotions, fragrances, and make-up. Miss Juliana wants to purchase more health and beauty products in order to increase her inventory and thus increase her sales and improve her family's quality of life. Juliana's dream is to have her own business property and watch her baby grow.
La señora Juliana a sus 19 años de edad es madre de un hijo de 9 meses de nacido, desde temprana edad aprendió de un amigo a vender mercancía, fue así como en el año 2009 inició su propio negocio vendiendo de manera independiente cosméticos, lociones, fragancias y maquillaje. La señora Juliana requiere de la compra de productos para la salud y belleza que le permitan tener mejor surtido, aumentar sus ventas y así mejorar la calidad de vida de su familia. El sueño de la señora Juliana es tener su propio local y ver crecer a su bebé.
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.