45-year-old Claudia has a business selling merchandise (clothing, accessories and footwear) which she has been running for a number of years. It is her source of income. Her family is the most important thing in the world to her and they motivate her to continue making progress. Her daughters' quality of life has been her biggest challenge and this has motivated her to work hard so that she could provide them with a good education.
Claudia dreams of owning her own home and guaranteeing her family better opportunities in life. For this reason, she is requesting a loan which she will invest in buying stock with the aim of increasing her sales.
Claudia de 45 años de edad, se dedica a al venta de mercancía (ropa, accesorios y calzado) desde hace algunos años, como fuente económica. Su familia es lo más importante para ella y el motor que la impulsa a salir adelante. La calidad de vida de sus dos hijas se ha constituido en su mayor reto, razón que la ha motivado a laborar fuertemente y brindarles una educación de calidad.
Sueña con tener una vivienda propia y garantizarle a su familia mejores oportunidades de vida. Razones que la han impulsado a solicitar un crédito que invertirá en la compra de surtido con el propósito de aumentar sus ventas.
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.