Reina is 50, she is a woman that doesn't get paralized by life's challenges, she is always looking for new opportunities that allow her to grow and learn. "there is always light after darkness" is the phrase Reina used to tell us how she came up with the idea to start a business. After her husband lost his job, they decided to invest the severance payment in the start of a business; they adapted some of the rooms in their home and began selling school supplies because of a school that is close to their house. Later on they invested profits in buying clothing and shoes, and they now have a larger store that they manage. Today they request a loan that will be used to buy school season products with the goal to increase sales and generate more income that allows them to have a better quality of life.
Doña Reina de 50 años de edad es una mujer que no se paraliza ante las adversidades de la vida, siempre anda en búsqueda de nuevas oportunidades que le permitan crecer y aprender. “Detrás de la oscuridad siempre llega la luz” esta es la frase que emplea Reina para contarnos como surgió la idea de crear empresa. Después de que su esposo se quedara sin empleo decidieron invertir la liquidación de las prestaciones sociales en el montaje de su propio negocio; adecuaron una de las habitaciones de su vivienda y comenzaron vendiendo papelería gracias a un colegio aledaño de su casa. Posteriormente fueron invirtiendo las ganancias en la compra de ropa y calzado, hasta formar el almacén que hoy administran.
Hoy se encuentran solicitando un crédito que utilizaran en la compra de artículos para la temporada encolar con el propósito de incrementar las ventas y generar mayores ingresos que les permita tener 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.