Andrea has always been known as a a hardworking person who has gotten her family ahead with a lot of effort. Despite not having had a chance to go to school, she has worked at different things, always leaving a good impression because of her committment. Right now, she she has a job in a house but the money she makes there isn't enough to pay for her family expenses. That is why she has decided to start a side business selling clothing. Thanks to having good sales and growth, Andrea is seeking a loan to buy clothing and stock her business to respond to her customers' orders.
Andrea hopes to make more and more income to offer her family a better quality of life.
Andrea siempre ha sido reconocida por ser una persona muy trabajadora que con mucho esfuerzo ha venido sacando adelante su familia, pues a pesar de que no tuvo la oportunidad de estudiar ha desempeñado diferentes labores en las que siempre deja muy buena imagen por su gran compromiso. Actualmente tiene un trabajo en un hogar pero los ingresos que allí recibe no están siendo suficientes para poder sostener los gastos de su familia, es por esto que ha decidido iniciar un negocio paralelo a este el cual es una venta de prendas de vestir. Gracias a que ha venido teniendo buenas ventas y siguen creciendo, Andrea busca un préstamo para comprar prendas de vestir y surtir su negocio para responder a los pedidos de sus clientes.
Andrea espera recibir cada vez mejores ingresos para ofrecer a su familia una mejor calidad de vida.
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.