Diana started her business of selling personal products through catalogs some years ago and this has helped her contribute financially to the household since her husband’s income was not sufficient to support her seven year old child. Through her business her family has been able to have a better quality of life and although the financial difficulties persist, she has been able to overcome them little by little.
Because she has lots of orders from her customers but does not have enough capital to fulfill them, Diana is seeking a loan that will permit her to buy personal products in order to meet the orders that her customers have placed.
Her dream is to be able to give her household a better quality of life and better financial opportunities in order to get ahead.
Desde hace unos años, Diana inició el negocio de la venta de productos de uso personal a través de catálogos y con esto ha podido aportar económicamente en su hogar ya que los ingresos que generaba su esposo no eran suficientes para sostener los gastos de su hijo de 7 años de edad. Con su negocio su familia ha podido tener una mejor calidad de vida y aunque aún persisten las dificultades económicas, se han podido ir superando poco a poco. Gracias a que tiene muy buenos pedidos de sus clientes, pero no cuenta con el capital suficiente para responder por ellos, Diana busca un préstamo que le permita comprar productos de uso personal para responder a los pedidos que tiene por parte de sus clientes.
Su sueño es poder ofrecer en su hogar una mejor calidad de vida y mejores oportunidades 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.