Daniela, a young entrepreneur of twenty-two, knows what she wants from life. In spite of not having her family's financial support due to their poor economic circumstances, she refuses to let go of her dream of becoming a great businesswoman. This is why she chose to peddle hats in order to earn enough money to pay for her studies. She works every day, with great determination and sparing no efforts, from ten in the morning to six in the evening, her goal being to save money and pay for the first semester. Daniela is thankful for having the possibility to work and to learn about the working world. She asks for a loan in order to buy merchandise to increase her sales and improve her income.
Daniela de 22 años de edad, es una joven emprendedora y segura de lo que desea en la vida. A pesar de no contar con el apoyo de su familia por la precaria situación económica en la que se encuentran, ella no abandona su sueño de ser una gran administradora de empresas. Por esta razón Daniela decidió dedicarse a la venta ambulante de sombreros con el fin de generar los recursos necesarios para pagarse sus estudios. Con esfuerzo y dedicación ella labora diariamente de 10 de la mañana a 6 de la tarde con el propósito de ahorrar y pagar su primer semestre. Daniela agradece la posibilidad de trabajar y conocer el mundo laborar. Hoy se encuentra solicitando un crédito para la compra de mercancía con el fin de incrementar sus ventas y generar mayores ingresos.
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.