Ligia previously worked as an employee in a clothing store selling clothes and as the hours were very long it brought some health issues to her quality of life from which she is still recovering.
Thanks to the savings that she had and with great effort she set up her own business of selling clothing with fewer days and now she has a better quality of life and she enjoys a better income. However, since she does not have a lot of capital, she has had to delay the deliver of some sales orders to her customers because she does not have enough money for stock, which is why Ligia is seeking a loan in order to buy clothing and respond to her business sales.
Her dream is to have a large business and to be able to create jobs for many people. Also, to increase her income in order to have a better quality of life at home and to offer her husband and their children better financial opportunities at home.
Ligia anteriormente trabajaba como empleada en un almacén de venta de ropa y como los horarios eran muy largos estaba teniendo una muy calidad de vida, tanto que esto le trajo algunos inconvenientes de salud de los cuales aún se está recuperando. Gracias a unos ahorros que tenía y un gran esfuerzo que hizo, montó su propio negocio de venta de ropa desde hace unos pocos días; ahora tiene una mejor calidad de vida y goza también de unos mejores ingresos. Sin embargo, como no cuenta con mucho capital, ha tenido que retrazar la entrega de algunas ventas a sus clientes, pues no cuenta con suficiente dinero para surtir; es por esto que Ligia busca un préstamo para comprar prendas de vestir y responder a las ventas de su negocio.
Su sueño es tener un gran negocio y poder generar empleo para muchas personas. Además incrementar sus ingresos para tener una mejor calidad de vida en su hogar y ofrecerle así a su esposo y sus hijos mejores oportunidades económicas en el hogar.
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.