Deyanira started her business of selling personal use products some time ago. She was primarily motivated to generate income to support her husband with the household finances. Her husband’s salary was not enough to be able to support their four children.
Without much capital, but with great effort, Deyanira got her business ahead. Now she has more customers, which allows her to have sales to contribute to her household. Little by little her business has been growing and improving the quality of life in her home.
Thanks to a promotion by the company where she buys the personal use products that she sells, Deyanira is looking for a loan. She wants the loan to buy personal use products and to take advantage of the big discounts that are being offered. This way she will increase her profits.
This way her income will increase considerably. Therefore her family will be able to enjoy a better quality of life and better financial opportunities to get ahead.
Her dream is to establish a warehouse where she is able to offer her products and generate employment for the people who are most in need.
Deyanira inició su negocio de venta de productos de uso personal desde hace un tiempo, motivada principalmente por generar ingresos para apoyar a su esposo en la parte económica del hogar, pues el salario de su esposo no estaba siendo suficiente para poder sostener a sus 4 hijos. Sin mucho capital pero con un gran esfuerzo, Deyanira sacó su negocio adelante y ahora puede contar con más clientes que le permiten tener unas ventas para aportar en su hogar, y poco a poco ha venido creciendo y mejorando la calidad de vida en su hogar. Gracias a una promoción de la empresa donde compra los productos de uso personal para venderlos, Deyanira busca un préstamo para comprar productos de uso personal y aprovechar los grandes descuentos que se están ofreciendo para así aumentar sus beneficios.
De esta manera sus ingresos aumentarán considerablemente y por tanto su familia podrá gozar de una mejor calidad de vida y mejores oportunidades económicas para salir adelante. Su sueño es montar un almacén donde pueda ofrecer sus productos y generar empleo para las personas más necesitadas.
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.