Teresa, 67, is the mother of one child. She thinks her job has been her greatest blessing because she has been able to give her family what they need to live. She started selling catalogue products more than 15 years ago and now it has become her job.
With the goal of increasing her sales and being able to satisfy customer demand, she's requesting a loan to invest in buying merchandise wholesale so she has enough stock.
Her biggest dream is to set up a store where she can sell her products.
Teresa, tiene 67 años de edad y es madre de un hijo. Considera que el trabajo ha sido su mayor bendición porque gracias a este a podido ofrecerle a su familia lo necesario para vivir.
Cuenta que inició vendiendo productos por catálogo hace más de 15 años y hoy se ha convertido en su actividad económica.
Con el fin de aumentar su nivel de ventas y poder satisfacer la demanda de sus clientes, se encuentra solicitando un crédito que invertirá en la compra de surtido al por mayor con el fin de mantener un stock.
Su mayor sueño es montar una tienda dedicada a la venta de sus productos.
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.