Maria Rubiela is 51 years old and has had the obligation of working since her husband died and left her with 3 children. Maria Rubiela works mainly selling clothing for women such as blouses, pants, shoes, accessories, and other things.
She has always dreamed of establishing her own store to sell her merchandise in the town of San Rafael to the east of Antioquia, to successfully increase her income in order to be able to give a better quality of life to her 3 children.
She wants her children to be educated and this is why she works so hard every day in search of sales, to bring in enough income to allow them to attend good schools.
Maria Rubiela, in search of a way to increase her business, wants to buy merchandise that will permit her to have a better variety to offer her clients so that she can increase her sales and income.
La señora Maria Rubiela tiene 51 años de edad y se ha visto en la obligación de trabajar desde que su esposo murió y quedo a cargo de sus 3 hijos. Maria Rubiela se dedica principalmente a la venta de ropa para mujer como blusas, pantalones, zapatos, accesorios, entre otros. Siempre ha soñado con establecer un punto de venta para la venta de su mercancía en el municipio de San Rafael al oriente de Antioquia, y lograr que sus ingresos aumenten para poderles brindar una mejor calidad de vida a sus 3 hijos. Quiere que sus hijos estudien y por eso trabaja fuertemente todos los días en busca de que sus ventas le generen ingresos que le permitan acudir a buenos institutos de estudio. Maria Rubiela, en la búsqueda del crecimiento de su negocio, requiere de la compra de mercancía que le permita tener mayor variedad para ofrecerle a sus clientes, y de este modo, aumentar su nivel de ventas e ingresos.
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.