Sindy Julieth, 20, continues the family tradition of having a general store. Her grandparents opened the business selling basic products like a market does. The store grew little by little as more merchandise was added. Now that she is in charge she wants to diversify even more by selling liquors, snacks and sweets.
Sindy Julieth dreams of expanding her business and being able to sell clothing, accessories and more. That way she can better cover her expenses, increase her income and raise her standard of living.
Sindy Julieth es una joven de 20 años que recibió el negocio de abarrotes de la tradición familiar. Sus abuelos empezaron con el negocio vendiendo abarrotes básicos como el mercado; a medida que ha ido creciendo el negocio se ha ido surtiendo poco a poco, y ahora que Sindy Julieth lo tiene a su cargo lo quiere diversificar aún mas vendiendo licor, snack y dulcería. Sindy Julieth sueña con poder hacer crecer el negocio y poder vender en el ropa, accesorios en general entre otras cosas, así podrá cubrir mejor sus gastos, mejorando sus ingresos y aumentando el nivel de su calidad de vida.
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.