Marlene a 45 year old fighter who has carved out a life for herself through strife and struggle. She is a single mother of a 14 year old. Because of this, she saw the need to begin working. She started by selling products from a catalog to friends and family. Over the course of time and with the savings that she accrued, she set up her own business dedicated to selling footwear, clothing, and accessories. She works every day from 9 in the morning until 8 at night. Marlene is currently requesting a loan to purchase stock, taking advantage of Mother’s Month, in which the demand for products increases. She hopes to offer a better quality of life to her son.
Marlene de 45 años de edad es una guerrera que ha labrado su vida a costa de luchas y esfuerzos, es madre soltera de un hijo de catorce años, Debido a su condición se vio en la necesidad de comenzar a laborar, por lo cual inició con la venta de productos por catálogo a familiares y amigos. Con el transcurrir del tiempo y con lo ahorros que logró acumular, montó su propio negocio dedicado a la venta de calzado, ropa y accesorios. Labora diariamente de 9 de la mañana a 8 de la noche.
En la actualidad Marlene se encuentra solicitando un crédito para la compra de surtido, aprovechando el mes de madres, en donde se intensifica la venta de productos. Espera poder ofrecerle a su hijo mejores condiciones de vida.
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.