Update on DeyaniraDeyanira, 50 years old, is married. For five years she has been selling products from a catalog due to a difficult financial situation suffered by her family. When her husband lost his job, this woman decided to become self-employed to earn income to support the household. Thanks to her work the financial situation has improved and now she dreams of becoming a microentrepreneur and expanding her business.
The reason she is requesting a loan is to use the funds to buy a computer to be used for order requisitions via the Internet and to keep track of her sales.
She is hoping to have her own facility in the future where she can sell her merchandise in order to increase sales and continue growing as a microentrepreneur.
Espera en un futuro próximo tener un local, en donde pueda comercializar su mercancía con el objeto de aumentar sus ventas y seguir creciendo como microempresaria.
Previous Loan DetailsDeyanira started her business of selling personal use products some time ago. She was primarily motivated to generate income to support her husband with the household finances. Her husband’s salary was not enough to be able to support their four children. Without much capital, but with gre... More from Deyanira's previous loan »
Important InformationThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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