Juliana, 24 years old, is a student, but due to her economic situation she has to work to pay for her university degree. This is the reason that she started selling products by catalogue to her neighbours and classmates from university. In order to increase her earnings, Juliana wants to alternate this activity with selling accessories and clothes, because of suggestions that her customers have made to her. It's for this reason that she has decided to ask for a loan.
She dreams of becoming a great businesswoman and having a chain of clothing stores. She hopes that this investment will improve her economic well-being and the quality of life of her household.
Juliana de 24 años de edad, es estudiante, pero debido a su condición económica debe trabajar para pagar su carrera universitaria. Razón por la que inició con la comercialización productos por catálogo entre vecinos y compañeros de la universidad. Con el fin de aumentar sus ingresos, Juliana desea alternar la actividad con la venta de accesorios y ropa, debido a las sugerencias que le han hecho sus clientes, motivo que la ha impulsado a solicitar un crédito.
Sueña con convertirse en una gran empresaria y tener una cadena de tiendas de ropa. Espera que con dicha inversión mejore la condición económica y la calidad de vida en su hogar.
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.