Lina is 28 years old and has two children who are 5 and 2. She has been dedicated to her children since the day they were born, which is the reason she decided to work from home so she can help her husband with household expenses and provide them with better living conditions. She makes a living sell products via catalog, which does not take up too much time and allows her to take care of household chores. Lina is known as a fighter who works hard to make headway for her family. Her biggest dream is to improve her financial situation and offer her two children the opportunity to grow up in an environment free of economic hardships. She is requesting the loan to purchase beauty and personal hygiene products as well as a display case, with the goal of increasing her income and improving her family's quality of life.
Lina de 28 años, tiene dos hijos de 5 y 2 años de edad, a los cuales se ha dedicado desde que nacieron, razón por la cual decidió laborar desde su casa, con el fin colaborarle a su cónyuge con los gastos del hogar y brindarles a sus hijos mejores condiciones de vida. Se dedica a la venta de productos por catálogo, el cual no demanda mucho tiempo y le permite estar pendiente de los deberes del hogar. Lina se caracteriza por ser una mujer luchadora, que se esfuerza por sacar adelante su hogar.
Su mayor sueño es mejorar su condición económica y ofrecerles a sus dos hijos la oportunidad de crecer en un ambiente sin carencias económicas. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de productos de belleza, aseo personal y una vitrina, con el fin de aumentar sus ingresos y 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.