Fifty-five year old Edilma is a woman whom life has taught that with courage and effort, it is possible to get ahead. Although her life is not surrounded by luxuries, she feels that her happiness is complete by having her five children by her side.
She has worked her whole life, since her husband's salary is not enough to cover all their household necessities. In order to look after her children and help her husband out with expenses, Edilma started selling catalog products to family members, friends and neighbors, and doing domestic chores in family houses twice a week.
She is currently applying for a loan to buy merchandise with the goal of driving sales and generating greater income. She dreams about being able to focus full-time on selling products, since she considers herself a good vendor.
Edilma de 55 años de edad, es una mujer a la que la vida le ha enseñado que con valentía y esfuerzo es posible salir adelante. Aunque su vida no se encuentra rodeada de lujos, siente que su felicidad es completa al tener a sus cinco hijos a su lado. Toda su vida ha laborado, debido a que el salario de su esposo no alcanza a cubrir todas las necesidades de su hogar.
Con el fin de estar pendiente de sus hijos y colaborarle a su esposo con los gastos, Edilma comenzó a vender productos por catálogo a familiares, amigos, vecinos y a realizar labores domésticas en casas de familia dos veces por semana.
En la actualidad se encuentra solicitando un crédito para la compra se mercancía con el fin de impulsar sus ventas y generar mayores ingresos. Sueña con poder dedicarse de tiempo completo a la comercialización de productos ya se que considera una buena vendedora.
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.