Señora Maria Derlis, age 35, sells products such as stationery, women's accessories, and clothing. She has a display case in a room in her home. This generates her a small income which covers her needs and those of her 11-year-old child. In the hopes of improving her sales, Maria Derlis wants to buy school supplies and women's clothing in order to have stock for the two seasons which could improve her sales. Maria Derlis' dream is to have her own store and to offer her child all the necessities.
La señora Maria Derlis a sus 35 años de edad se dedica a la venta de diferentes productos tales como papelería, accesorios femeninos y ropa en una vitrina que tiene ubicada en la sala de su casa y que le genera los ingresos mínimos para el sostenimiento propio y el de su hijo de 11 años de edad. Con la esperanza de mejorar sus ventas, la señora Maria Derlis desea comprar útiles escolares y ropa para dama con el fin de tener surtido para las dos temporadas que podrían mejorar sus ventas. El sueño de la señora Maria Derlis es tener su propio almacén y brindarle todo lo necesario para vivir a su hijo.
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.