Marleny is a mother and head of a family of two children who are 15 and 16 years of age. This woman's need to get ahead for her children and bring the daily bread to her home has been the driving force for looking for work in her life. With few employment opportunities due to her lack of education, doña Marleny decided to sell underwear, pajamas and beauty products by catalog. The financial difficulties she is going through during this time drove her to request a loan which she will invest in the purchase of merchandise to increase her income during Christmas time. Her major desire is to improve the financial situation of her family and be able to offer her children a better quality of life.
Marleny es madre cabeza de familia de dos hijos de 15 y 16 años de edad. La necesidad de esta mujer por sacar sus hijos adelante y llevar el pan de cada día a su hogar, ha sido el motor principal para rebuscarse la vida. Sin pocas oportunidades de empleo debido a la carencia de estudio, doña Marleny decidió dedicarse a la venta por catálogo de ropa interior, pijamas y productos de belleza. Las dificultades económicas por las que atraviesa en estos momentos la han impulsado a solicitar un crédito el cual invertirá en la compra de mercancía para incrementar sus ingresos en la temporada navideña. Su mayor deseo es mejorar las condiciones económicas de su familia y poderles brindar a sus hijos una mejor 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.