Ingrid, who is 23 years old, is a young woman who longs to advance. After she has finished her bachelor's degree, she wanted to continue studying, but due to financial difficulties at home, she was not able to pursue higher education. Although her dream was cut short, she decided to fight. With her grandmother's support and urging, she decided to begin selling footwear out of a catalog to pay for her schooling. She is now requesting a loan to purchase shoes because she has many orders but not enough resources to fill them.
She hopes that with this business opportunity, her financial situation will improve and she will be able to begin realizing her dream and become a great businesswoman.
Ingrid de 23 años de edad, es una joven que anhela salir adelante, después de terminar el bachillerato, quiso seguir estudiando pero debido a las dificultades económicas en su hogar no pudo acceder a la educación superior. Aunque su sueño se vio truncado ella decidió luchar por él. Con la motivación de su abuela decidió comenzar a vender calzado por catálogo para pagarse sus estudios. En la actualidad se encuentra solicitando un crédito para la compra de calzado debido a que tiene varios encargos pero no cuenta con los recursos para realizar el pedido.
Espera que con esta oportunidad de montar empresa su situación económica mejore y pueda empezar a materializar su sueño y convertirse en una gran profesional.
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.