Sandra is a 35-year-old housewife and mother of two children. Because of conditions in her home, she decided to look for a source of income to help her husband with expenses. She decided to make a living selling accessories, since she could do it while caring for her children. Today, she has been doing this activity for nine years and assures that it is lucrative. She is requesting a loan to purchase merchandise (like earrings and necklaces) with the goal of completing her customers' orders. Her dream is to give her children a quality education and offer them the opportunity to enroll in college.
Sandra de 35 años de edad, es ama de casa y madre de dos hijos, debido a las condiciones de su hogar, decidió buscar una fuente de ingresos y colaborarle a su esposo con los gastos. Optó por dedicarse a la venta de accesorios, debido a que le brindaba el espacio para estar pendiente de sus hijos. Hoy lleva nueve años realizando la actividad y segura que es rentable. Por lo cual se encuentra solicitando un crédito para la compra de mercancía con el propósito de cumplir con los pedidos solicitados por sus clientes.
Sueña con brindarles a sus hijos una educación de calidad y ofrecerles la oportunidad de ingresar a la universidad.
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.