Jaqueline is a single mother and head of the family, with one four-year-old child whom she has always needed to support on her own as his father has never contributed anything financially towards his support.
On seeing that she needed to generate income for her household, Jaqueline started selling personal care products through catalogs. Thanks to this, she generated sufficient income to support her child. Bit by bit, she has been able to improve her business, and now she has been able to open a miscellany store where she sells personal care products for such as grooming tools, women's accessories, and also stationery products. Thanks to this, her sales have increased considerably, and her child has been able to enjoy a better quality of life.
With the intent of having her business well-stocked with stationery inventory for the start of the school year, Jaqueline wants to stock up her miscellany store with these products. However, she doesn't have sufficient capital to undertake the purchase of these products for her customers. It is for this reason that Jaqueline has the hope that a loan will give her the possibility of being able to purchase stationery products such as notebooks, cards, pens, and scratch pads, among other things, and she will be able to be well-stocked for the start of the academic year.
Jaqueline hopes that her business' sales will continue to grow, so that she can continue moving her child ahead in life. Additionally, she dreams that her child will be able to receive a quality education, and in the future attend university.
Jaqueline es una madre soltera cabeza de familia de 1 hijo de 4 años a quien siempre le ha tenido que brindar el sustento por su propia cuenta, pues su padre nunca ha contribuido con un aporte económico para su sostenimiento. Jaqueline en vista de que debía generar los ingresos para su hogar, comenzó vendiendo productos de uso personal a través de catálogos, y gracias a esto generaba los ingresos suficientes para el sostenimiento de su hijo. Poco a poco ha ido mejorando su negocio, y ahora ha podido tener una miscelánea en la que ofrece productos de uso personal como implementos de aseo, accesorios para dama y también productos de papelería, gracias a esto sus ventas han aumentado considerablemente y su hijo ha podido gozar de una mejor calidad de vida. Con el ánimo de tener su negocio con un buen nivel de inventario de papelería para el inicio de la temporada escolar, Jaqueline quiere surtir su miscelánea con estos productos, sin embargo no cuenta con el capital suficiente para realizar la compra de estos productos a sus clientes. Es por esto que Jaqueline tiene la esperanza en que un préstamo le brindará la posibilidad de acceder a la compra de productos de papelería como cuadernos, cartulinas, lapiceros, borradores, entre otros, y poder tener un buen surtido para el inicio de la temporada escolar.
Jaqueline espera que su negocio siga aumentando las ventas para poder seguir sacando adelante a su hijo, además, sueña con que su hijo pueda acceder a una educación de calidad y en un futuro a una educación universitaria.
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.
A loan of $575 helped Jaqueline to purchase stationery products such as notebooks, cards, pens, and scratch pads, among other things, and she will be able to be well-stocked for the start of the academic year.