Julyet has worked in retail for many years, and a few days ago, she opened her own shop in which she sells a variety of goods such as apparel, personal care products, and a wide variety of other merchandise. Despite the fact that she launched her business with very little capital, her hard work has allowed her to expand her shop little by little, thus earning the money she needs to cover the household expenses as she lives with her husband and 6-year-old son. Because she has received many orders from customers and does not have the working capital to fill them, Julyet is seeking a loan that will allow her to purchase more merchandise and meet customer demand.
Her dream is to make her business prosperous and increase the household earnings, as well as offer her husband and son a better quality of life so that they have the financial means to get ahead in life.
Julyet ha trabajado durante muchos años en la actividad de la venta de mercancía, y hace unos días abrió su propio negocio el cual es un almacén donde vende una gran variedad de productos como ropa, productos de uso personal y mucha variedad más. Pese a que lo ha montado con muy poco capital, su esfuerzo le ha permitido ir poco a poco sacándolo adelante y así generar ingresos para el sostenimiento de los gastos de su hogar donde convive con su esposo y su hijo de 6 años. Como ha venido teniendo buenos pedidos, pero no tiene el capital suficiente para responder por ellos, Julyet busca un préstamo para comprar surtido ropa, productos de uso personal y mucha variedad más de mercancía y responder a los pedidos de sus clientes.
Su sueño es sacar adelante este negocio y aumentar los ingresos para su familia. Además ofrecerles una mejor calidad de vida a su esposo y su hijo y poder tener las posibilidades económicas para progresar.
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.