Doris, 34, is a brave woman who with her effort and dedication has reached many of her dreams. She insists that she’s faced great trials in life but with love for her family has been able to overcome them. She currently has an Internet access service and a miscellany store where she provides photocopying services. Thanks to this activity’s development her family enjoys better living conditions.
Aiming at increasing sales levels and offering better service, Doris is asking for a loan to buy merchandise like stationery supplies and items for mobile phones. She dreams with expanding the business and growing in the marketplace to guarantee a condition of economic stability for her family.
Doris, de 34 años, es una valiente que con su esfuerzo y dedicación ha alcanzado muchos de sus sueños. Asegura que se ha enfrentado a grandes pruebas en la vida, pero con el amor por su familia ha superado los obstáculos. En la actualidad tiene una sala de internet y una miscelánea, en donde presta entre otros los servicios de fotocopias. Gracias al desarrollo de su actividad su familia goza de mejores condiciones de vida.
Con el fin de aumentar su nivel de ventas y ofrecer un mejor servicio, Doris se encuentra solicitando un crédito que invertirá en la compra de mercancía como papelería y artículos para celulares.
Sueña con expandir su negocio y crecer dentro del mercado local para garantizarle a su familia una condición económica estable.
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.