Omaira is 23 years old and the mother of an eleven-month-old son. She has worked for several years making clothing but when her son was born she left this occupation. She would like to work independently so that she can be with her baby. Omaira is selling products from a catalogue, which has been very successful for her. Now she is looking for a loan to use to buy an assortment of wholesale items. In doing so she will be able to reduce her expenses and improve her earnings. Her greatest priority is the well being of her son. She wants him to be successful. Also she wants him to have a good quality of life.
Omaira de 23 años de edad, es madre de un hijo de once meses. Laboró por varios años en el sector de confecciones pero a raíz del nacimiento de su hijo se retiró. Con el fin trabajar como independiente y dedicarle tiempo a su bebe, Omaira se dedicó a las venta de productos por catálogo, actividad en la que ha tenido buenos resultados. Hoy se encuentra solicitando un crédito que invertirá en la compra de surtido al por mayor con el fin de reducir costos y mejorar las ganancias.
Asegura que su mayor prioridad es el bienestar de su hijo, por lo cual se esmera para sacarlo adelante y garantizarle una mejor calidad 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.