28-year-old Luz Dari decided to start her own business selling products for beauty, home, and personal use. Since then, she has seen how her quality of life has improved, guaranteeing better opportunities for her family.
With her dream of getting ahead and continuing to grow within the local market, Luz needs to purchase merchandise with the goal of diversifying her products and offering her customers different alternatives when making their purchases. In this way, she hopes to increase her sales and earnings. She dreams of having a small shop to formalize her business and expand into surrounding towns.
Luz Dari de 28 años, decidió montar su propio negocio dedicado a la venta de mercancía de uso personal, belleza y hogar. Desde entonces ha visto como su calidad de vida ha mejorado, garantizándole a su familia mejores oportunidades.
Con el sueño de salir adelante y seguir creciendo dentro del mercado local, Luz requiere de la compra de mercancía con el fin de diversificar sus productos y ofrecerles a sus clientes diferentes alternativas a la hora de realizar sus compras de esta manera, espera aumentar sus ventas e ingresos. Sueña con tener un local para formalizar su negocio y expandirse en municipios aledaños.
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.