Liliana, 43, has dedicated her life to watching over the wellbeing of her family, which is her greatest treasure. In order to contribute to home expenses and better her economic conditions, this woman dedicates herself to selling catalogue products, a form of work that allows her to attend to her family and generate income at the same time. Due to the quality of her service, the number of customers in her area has increased. The most pressing problem she is facing is delay of payments from her customers, which results in loss of funds and inventory. Her greatest desire is to increase sales for her business in order to guarantee her son admission to higher education. Motivated by this great wish, she is requesting a loan she will invest in the purchase of beauty products and merchandise. Her customers demand greater variety, but for economic reasons, she has not been able to satisfy the level of demand.
Liliana de 43 años de edad, ha dedicado su vida a velar por el bienestar de su familia, los cuales son sus más grandes tesoros. Con el fin de contribuir con los gastos del hogar y mejorar las condiciones económicas, esta mujer se dedica a la venta de productos por catálogo, labor que le permite atender a su familia y generar ingresos de manera simultánea. Gracias a su calidad en el servicio ha incrementado el número de clientes en su sector.
La problemática más latente a la que se enfrenta es el retrazo en los pagos por parte de sus clientes, lo que conlleva a perder liquidez, y agotar inventarios.
Su mayor deseo es incrementar las ventas en su negocio, para garantizarle a su hijo el ingreso a la educación superior. Motivada por su gran anhelo, se encuentra solicitando un crédito que invertirá en la compra de mercancía de productos de belleza. Debido a que sus clientes le demandan mayor variedad, pero por cuestiones económicas no ha logrado satisfacer el nivel de demanda.
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.