Gloria is a hard working person and a fighter. When she realized her home was suffering financial difficulties, she decided to open a stationary store to help the household income. The long days that she has worked have allowed her to get the business ahead and generate income that has allowed her husband and her two children (13 and 17 years old) to have a better home life.
The greatest challenge that she has always had in her business is the difficulty with capital. Searching for a way to overcome the difficulties, Gloria is looking for a loan to purchase stationary supplies that she needs because she is out of stock.
Her dream is to have a big business and be able to generate income to support her home. Additionally. Provide her children a better life and more economic opportunities to move forward.
Gloria es una persona muy trabajadora y luchadora que al ver que en su hogar estaban sufriendo grandes dificultades económicas, decidió montar una papelería para generar ingresos y así apoyar los ingresos del hogar. Las largas jornadas de trabajo que tiene le han permitido sacar adelante el negocio, y así ha podido ir generando ingresos que permiten que su esposo y sus 2 hijos de 13 y 17 años de edad puedan tener una mejor calidad de vida en el hogar. La gran dificultad que siempre ha tenido en su negocio son dificultades de capital, pero buscando superarla Gloria busca un préstamo para comprar artículos de papelería que necesita porque se han ido agotando.
Su sueño es tener un gran negocio y poder seguir generando ingresos para apoyar económicamente en su hogar. Además, brindarles a sus hijos una mejor calidad de vida y mayores 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.