Suli Maryori, 30, is the mother of two minor children and she sells clothing out of a small shop she was able to set up through many years of hard work and dedication. Thanks to how the business has prospered her family has a good lifestyle. She loves her work and says that selling is one of her great passions.
In order to strengthen her stock for the month of May, for Mother's Day, Suli is requesting a loan to buy merchandise. She hopes the investment will improve her children's quality of life.
Her dream is to expand her shop and be able to generate employment for her community.
Suli Maryori de 30 años, es madre de dos hijos menores de edad, se dedica a la comercialización de ropa en un pequeño almacén que logró montar gracias a años de esfuerzo y dedicación. Gracias al desarrollo de su actividad su familia goza de buenas condiciones de vida. Ama su trabajo y asegura que las ventas son una de sus grandes pasiones.
Con el fin de reforzar el inventario para el mes de mayo, día de las madres, Suli se encuentra solicitando un crédito para la compra de mercancía. Espera que con dicha inversión pueda mejorar la calidad de vida de sus hijos.
Su mayor sueño es ampliar su almacén y convertirse en una fuente generadora de empleo en su comunidad.
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.