Julita, 33, is a housewife who takes care of her two minor children. Because of her economic situation, she decided to look for new income to improve her living conditions and guarantee her children a better education. Because of her low educational level, the doors to the working world have been closed to her, so she decided to create her own business thanks to the help of her mother, who gave her some capital to start selling clothing in her town.
She gets up early every day to send her children to school. She does the domestic chores and goes out to look for new customers. This way Julita earns a living to support her family.
Her biggest dream is to be able to have a house to give her children a better quality of life. Motivated by this goal, she's requesting a loan to buy merchandise.
Julita de 33 años, es ama de casa, dedicada al cuidado de sus dos hijos menores de edad, debido a su condición económica, decidió buscar nuevos ingresos a fin de mejorar su condición de vida y garantizarles a sus hijos una mejor educación. Por su bajo nivel educativo le han cerrado las puertas para acceder al mundo laboral, por lo cual decidió crear su propio negocio gracias a la colaboración de su madre que le facilitó el capital para iniciar con la venta de ropa en su municipio. Diariamente se levanta temprano para enviar a sus hijos al colegio, realiza las labores domésticas y sale en búsqueda de nuevos clientes. De esta manera Julita se gana la vida para sostener a su familia.
Su mayor sueño es poder tener una vivienda para ofrecerles a sus hijos una mejor calidad de vida. Motivada por este propósito, se encuentra solicitando un crédito que destinará para la compra de mercancía.
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.