Diana is 39 years old. She never gives up in the face of difficulties and always aims to improve her situation. She works as a dressmaker in a workshop, and also has a business selling clothes, beauty products, and shoes, her goal being to improve her financial situation and to help her mother with household expenses. Diana asks for a loan that she will use to buy merchandise in order to have more in stock and be able to fulfil her customers' orders. Her dream is to have a big clothes store and to tend to it full-time.
Diana de 39 años de edad, es una mujer luchadora y con grandes deseos de superarse. Trabaja en un taller de confección como operaria, alternando la actividad con la venta de mercancía (ropa, accesorios y calzado) con el fin de mejorar su condición económica y colaborarle a su madre con los gastos del hogar.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de mercancía con el fin de reforzar el inventario y cumplir con los pedidos solicitados. Sueña con tener una gran tienda de ropa y dedicarse de tiempo completo a la actividad.
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.