Beatriz is 37 years old and is a vigorous woman with a desire to get ahead along with her husband and two daughters. She is a housewife but this has not been an obstacle for her to search for a way to generate an income and help with the household expenses. She want so be a great entrepreneur but her family is her number one priority, so she has decided to sell products via catalog. She doesn’t have the money to start her business so she requested a loan to buy products. Her greatest dream is to be able to offer her daughter a good education and improve her family’s quality of life.
Doña Beatriz de 37 años de edad, es una mujer, pujante y con ganas de salir adelante con su esposo y sus dos hijas, es ama de casa pero esto no ha sido un obstáculo para buscar la forma de generar ingresos y colaborar con las obligaciones del hogar. Asegura que quiere ser una gran empresaria, pero su mayor prioridad es su familia, por eso a decidido vender productos por catálogo pero no cuenta con el dinero para comenzar iniciar su negocio. Solicita crédito para comprar los productos que desea comercializar. Su mayor sueño es poderle ofrecer a sus hijas una buena educación y mejorar el nivel de vida de su familia.
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.