Ana Maria is 50 years old, and devoted her life to caring for her home and her 2 children. Ten years ago she decided to sell products by catalog to relatives and neighbors to help with household expenses. Today her clientele has grown so much that she broadened her portfolio of services, offering goods and holiday items that she makes herself.
This activity has enabled her to offer a better quality of life for her family and provide a quality education for their children. Ana is requesting a loan with which to buy goods and materials to make Christmas dolls. She hopes to increase sales in order to have a happy Christmas. Her biggest dream is to put up a stall with her products and improve her quality of life.
Ana María de 50 años de edad, dedicó toda su vida a cuidar de su hogar y sus 2 hijos. Hace 10 años decidió vender productos por catálogo a sus familiares y vecinos con el fin colaborar con los gastos del hogar. Hoy en día su clientela se ha incrementado por lo cual amplio su portafolio de servicios, ofreciendo mercancía y artículos navideños que ella misma elabora. Esta actividad le ha permitido ofrecerle una mejor calidad de vida a su familia y brindarles una educación de calidad a sus hijos. Ana se encuentra solicitando un crédito con el que comprará mercancía y materiales para elaborar sus muñecos navideños, Espera poder incrementar sus ventas con el fin tener feliz navidad. Su mayor sueño es poder colocar un local con sus productos y 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.