Leidy is 22 years old and is a single mother. Her husband abandoned her leaving her with a 13 month old baby. She has not finished high school, and for that reason doors have closed to her for offers of work. Due to her situation, she decided to sell products via catalogue. That allows her to dedicate the necessary time to her daughter and to obtain income for their sustenance. She needs credit in order to buy inventory during this holiday season. She hopes to use the inventory to increase her income and to be able to offer her family a better quality of life. Her greatest dream is to be able to finish high school and enroll in the University because she is sure that education is the only thing that will offer a better future for her daughter.
Leidy de 22 años de edad es madre soltera, su esposo la abandonó dejándola con un bebe de 13 meses. Ella no ha terminado sus estudios de secundaria, por lo cual le han cerrado las puertas para una oferta laboral. Debido a su situación, ella decidió vender productos por catálogo, lo cual le permite dedicarle el tiempo necesario a su hija y obtener los ingresos para su sostenimiento. Ella desea realizar un crédito para comprar surtido en esta temporada de fin de año, con el cual espera incrementar sus ganancias y poderle ofrecer a su familia una mejor calidad de vida. Su mayor sueño es poder terminar su secundaria e ingresar a la universidad porque está segura que es la única forma de ofrecerle un mejor porvenir a su hija.
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.