Sandra is a 19 year old young woman motivated by dreams and a desire to search for a better future for her parents. She currently works at a hotel and also sells Amway products so she can increase her income and contribute to the household expenses. Her greatest desire is to attend university, which she will achieve thanks to her sense of independence. She is asking for a loan so she can buy merchandise to fill orders.
She hopes that this business project will help her improve her family’s quality of life.
Sandra es una joven de 19 años de edad, motivada por lo sueños y las ganas de buscar un mejor futuro para sus padres. En la actualidad se dedica a laborar en una finca hotel, actividad que alterna con la venta de productos Amway con el fin de mejorar sus ingresos y colaborar con los gastos de su casa. Su mayor deseo es ingresar a la universidad, sueño que cumplirá gracias a su empleo como independiente. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de mercancía con el objeto de cumplir con los pedidos que le han solicitado.
Espera que con su nuevo proyecto de negocios pueda mejorar la calidad de vida de su familia.
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.