Marcely, who is 22 years old, is a young entrepreneur whose primary motivation is her 18-month-old son. She dreams of being able to offer him a bright future and of having a decent economic and social life. She began to sell Herbalife products from her home, as that allows her to spend time with her son and also to generate an income with which to support her family. Marcela does not have the resources to build her business and so she is applying for a loan which she will invest in the purchase of supplies. She hopes to be able to get by with her son and to have a steady source of income which will enable her to improve her quality of life.
Marcely es una joven emprendedora de 22 años de edad. Su mayor motivación es su hijo de 18 meses. Sueña con poderle ofrecer un buen mañana y que pueda tener acceso a una vida económica y social digna. Estas razones la han motivado a dedicarse a la venta de productos Herbalife desde su casa, ya que le proporciona el tiempo para dedicarle a su hijo y generar ingresos para el sostenimiento de su familia. Marcely no cuenta con los recursos para montar su negocio, por lo cual se encuentra solicitando un crédito que invertirá en la compra de surtido. Espera poder salir adelante con su hijo y tener una fuente de ingresos estable para 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.