Eliana is married and has two children, ages 12 and 13. She has always wanted to give them a good quality of life. That is why she has had her own business for approximately 12 years. She started it with a great deal of effort. She sells sewing supplies, and she also teaches classes on making costumes and dolls. By doing this she has managed to financially contribute to her household so that her family has a better quality of life and greater financial opportunities to get ahead.
In light of the fact that the season when her sales increase considerably is getting close, and that she does not have enough capital to be able to stock her business, she is looking for a loan. The loan will allow her to buy supplies like fabric, thread, needles, and other supplies that she needs in order to have a well-stocked business for the season.
This way she will manage to have good sales and offer her customers a good variety of products. Also, she will continue to have guaranteed household income for her children to continue having access to a quality education.
Eliana se encuentra casada y tiene 2 hijos de 12 y 13 años de edad a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que desde hace aproximadamente 12 años tiene su propio negocio el cual montó con mucho esfuerzo, donde ofrece insumos para la confección y además dicta clases de confección de disfraces y muñecos. Con esto, ha logrado contribuir económicamente en su hogar para que su familia tenga una mejor calidad de vida y mejores oportunidades económicas para progresar. En vista que se acerca una temporada donde sus ventas aumentan considerablemente, y ya que no cuenta con un capital suficiente para poder surtir su negocio, busca un préstamo que le permita comprar insumos como telas, hilos, agujas y demás insumos que requiere para tener su negocio bien surtido para la temporada.
De esta manera logrará tener buenas ventas ofreciendo a sus clientes buena variedad de productos. Además, seguirá garantizando en su hogar unos ingresos con los que sus hijos seguirán teniendo acceso a una educación de buena calidad.
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.