Leivy is 28 years old. She is an enterprising woman who decided to start her own business to generate a source of income to sustain herself and her mother. For six years, she has earned her living selling clothes.
Now, she is requesting a loan for the purchase of merchandise so that she can fill customer orders. She hopes that with this investment, she will generate more income, allowing her to improve her quality of life and enabling her to attain her big dream of owning her own clothing store.
Leivy de 28 años de edad es una mujer emprendedora, que decidió montar su propio negocio con el fin de generar una fuente de ingresos para su sustento y el de su madre. Desde hace seis años se dedica a la venta de ropa. Hoy se encuentra solicitando un crédito para la compra de mercancía con el fin de cumplir con los pedidos solicitados por sus clientes. Espera con esta inversión generar mayores ingresos que le permitan mejorar su calidad de vida y poder cumplir su gran sueño de tener su propia tienda de ropa.
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.