Nohelia is sixty years old. She is an enterprising woman who has worked all her life in order to support herself, since her parents passed away when she was still very young and she had to take on responsibilities at an early age. Because of her experience, this woman became a fighter who hasn't let adverse circumstances overcome her. All her life she worked in different local shops, where she gained the experience that has made her into a great microentrepreneur. She currently works selling clothing, shoes, and accessories from home and twice a week she goes out on the streets of her town offering her merchandise. Today she is requesting a loan to purchase stock so that she can fulfill the orders her customers have requested from her.
Nohelia de 60 años, es una mujer emprendedora, que ha luchado toda su vida por sostenerse, debido a que sus padres fallecieron cuando aún era muy joven y por lo cual asumió responsabilidades a temprana edad. Gracias a su experiencia esta mujer se convirtió en una guerrera que no se ha dejado vencer por las circunstancias adversas. Toda su vida laboró en diferentes almacenes de su localidad por lo cual adquirió la experiencia que hoy la ha convertido en una gran microempresaria. En la actualidad se dedica a la comercialización de ropa, calzado y accesorios desde su hogar y dos veces por semana recorre las calles de su municipio ofreciendo su mercancía. Hoy se encuentra se solicitando un crédito que destinará en la compra de surtido con el fin de cumplir con los pedidos que sus clientes le solicitaron.
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.