María, age 52, is known for being a tenacious woman. Her family is her fundamental pillar and her greatest motivation to seek better opportunities in life. She is married and has four children.
In addition to the domestic work this woman does, she also sells shoes. At the beginning she started her business activity from her house. However, due to the increase is her customers, she saw the need to rent a place for direct sales. She has now been working in her business for over six years.
Thanks to her business, the quality of life in her household has improved considerably. She feels that sharing the expenses with her husband has allowed them to unite as a family. This makes her feel satisfied and grateful.
She is now requesting a loan to buy shoes. She will do this in order to have inventory for the Holy Week celebrations. She hopes that her sales will increase with this investment and that the quality of her life continues to improve.
María de 52 años de edad, se ha caracterizado por ser una mujer luchadora. Su familia es su pilar fundamental y la mayor motivación para ir en búsqueda de mejores oportunidades de vida. Casada y con cuatro hijos. Esta mujer aparte de realizar sus labores domésticas, también comercializa calzado. En un principio comenzó la actividad desde su casa, pero debido al incremento en el número de clientes se vio en la obligación de alquilar un local para la venta directa. Hoy lleva más de seis años trabajando en su negocio y cuenta que gracias a esto la calidad de vida en su hogar ha mejorado considerablemente.
Siente que el compartir los gastos con su esposo les ha permitido unirse como familia por lo cual se siente satisfecha y agradecida.
Hoy se encuentra solicitando un crédito que invertirá en la compra de calzado, con el fin de tener inventario para las celebraciones de semana santa. Espera que con esta inversión sus ventas aumenten y su calidad de vida siga mejorando.
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.