Luz Marleny, aged 47, is always looking for new business opportunities as she is a single mother and needs to put bread on the table each day. She is an entrepreneurial woman who finds an opportunity to get ahead in every difficulty.
Due to the lack of work, she took the decision to sell products door to door in her area. Her biggest dream is to be able to set up a business in her home which provides enough to live on so she doesn't have to travel hundreds of kilometres every day to sell her products.
Right now, she is requesting a loan to buy products to sell and generate more income from which will give her a better quality of life.
Luz Marleny, de 47 años de edad, siempre anda en búsqueda de nuevas oportunidades de negocio, pues es madre soltera y necesita traer a casa el pan de cada día. Es una mujer emprendedora que encuentra en cada dificultad una oportunidad de salir adelante. Debido a la carencia de empleo ella tomó la decisión de vender productos puerta a puerta en su barrio. Su mayor sueño es poder montar en su casa un negocio que le proporcione lo necesario para vivir y no tener que desplazarse cada día cientos de kilómetros para vender su mercancía. Actualmente se encuentra solicitando un crédito para comprar los productos que comercializará y generar mayores ingresos que le permita mejorar su 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.