Anaiz is 56 years old. She is mother to seven children and head of the household. She worked as a photographer in the department of Caquetá, Columbia for 18 years, but due to natural disasters in this region she was forced to move. She lost her house and her business, which was her only source of income. In the wake of this situation, she settled in the city of Medellín, where she began to sell fried foods and tamales to help her family survive. Presently she makes a living selling products by catalogue, which is more convenient for her present state of health.
With the aim of improving her economic condition and ensuring her children receive a better quality of life and education, Anaiz is requesting a loan with which she will buy a display cabinet where she will display her products.
Anaiz de 56 años de edad, es madre cabeza de familia de siete hijos. Laboró durante 18 años como fotógrafa en el departamento de Caquetá, Colombia, pero debido a los desastres naturales ocurridos en esta región se vio en necesidad de desplazarse, debido a que perdió su vivienda y su negocio, el cual era su única fuente de ingresos. A raíz de esta situación se ubicó en la ciudad e Medellín en donde comenzó a vender fritos y tamales, para la supervivencia de su familia. En la actualidad se dedica a la venta de productos por catálogo, lo cual resulta más conveniente por su actual estado de salud.
Con el propósito de mejorar su condición económica y garantizarles a sus hijos una mejor calidad de vida y educación, Anaiz se encuentra solicitando un crédito que destinará en la compra de una vitrina que usará como exhibidor de mercancía.
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.