Olga is a person who has had to deal with many hardships in her life. However, her desire to do well has enabled her to overcome them and continue making progress. Olga is a single mother. She has a 15-year-old daughter whose father never wanted to acknowledge her. This meant that Olga had to find a way of making the income she needed to support her daughter. She learned how to sell merchandise, especially clothing, by actually doing it. Thanks to this, she has been able to make income for her household and provide for her daughter's basic needs. Thanks to her good service, she has gained a lot of customers in her town. This means that her sales have been very good and they continue to grow. Owing to the fact that a customer has made a large order with her and she doesn't have enough capital to make the necessary purchase from her suppliers, Olga hopes to receive a loan which will enable her to buy the garments she needs so that she can respond to this order.
Olga hopes that her sales will continue to increase and that her business will make her a lot of income. She dreams of having a large store where she can sell a large amount of merchandise. Olga dreams of her daughter finishing her basic education and having the possibility to attend a university so that she can train for a well-paid job.
Olga es una persona que ha tenido que atravesar por muchas adversidades en su vida, sin embargo las ganas de salir adelante le han permitido superarlas y continuar progresando en vida. Olga es una madre soltera cabeza de familia de una hija de 15 años, a quien su padre nunca quiso reconocer, por lo que a Olga le tocó buscarse por sus propios medios los ingresos necesarios para el sustento para su hija. Olga aprendió empíricamente la actividad de la venta de mercancía especialmente prendas de vestir, y gracias a esto ha podido generar los ingresos para su hogar y garantizarle a su hija las necesidades básicas. Gracias a su buen servicio, ha captado muchos clientes de su municipio, y esto ha hecho que sus ventas sean muy buenas y cada vez vayan creciendo más. Debido a que un cliente le ha hecho un gran pedido, y Olga no cuenta con el capital suficiente para hacer la compra a sus proveedores, Olga tiene la esperanza en que un préstamo le brinde la posibilidad de acceder a la compra de prendas de vestir con el ánimo de responder a un gran pedido que le ha hecho un cliente.
Olga espera que sus ventas sigan aumentando y que su negocio le pueda generar grandes ingresos. Además, sueña con tener un gran almacén en el que pueda ofrecer gran cantidad de mercancía. Olga sueña que su hija pueda culminar sus estudios básicos y tenga la posibilidad de acceder a una educación universitaria que le permita prepararse para un empleo que sea bien remunerado.
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.