Gisela, 29, is an enterprising woman. To earn a livelihood is a great challenge for her. She points out that to work is one of her great passions which is why she has been selling clothes and shoes via catalog for six years. Thanks to her work’s development her life has changed today and she has better quality of life.
Aiming at continuing to grow in the commercial sector, Gisela’s asking for a loan to buy merchandise. She hopes that said investment will increase her profitability so she can start to save up to reach her great dream of owning a house.
Gisela de 29 años de edad, es una mujer emprendedora. Ganarse la vida es un gran reto para ella, asegura que trabajar es una de sus grandes pasiones. Razón por la cual se dedica a la venta de ropa y calzado por catálogo desde hace 6 años. Gracias al desarrollo de su actividad hoy su vida ha cambiado y cuenta con una mejor calidad de vida. Con el fin de seguir creciendo dentro del sector comercial, Gisela se encuentra solicitando un crédito que invertirá en la compra de mercancía. Espera que dicha inversión aumente su rentabilidad y pueda comenzar a ahorrar para cumplir su gran sueño de tener una vivienda propia.
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.