Maricela is a young woman seeking to get ahead and help her mother with the household obligations. Motivated by a friend, she decided to start in the world of selling shoes, which has allowed her to have a source of income and an improved quality of life. With the objective of growing, Maricela finds her self asking for a loan that she will invest in buying two display cases and some stock. This will allow her to increase her sales and have better income. Her biggest dream is to be able to save enough money to buy a store for her mother and save her the headaches when it comes time to pay the rent. She says that despite the financial difficulties that she has had to go through with her family, she is happy because thank God she hasn't lacked for food or shelter.
Maricela es una joven que busca como salir adelante y ayudarle a su madre con la obligación del hogar. Motivada por una amiga decidió iniciar en el mundo de la venta de calzado, lo que le ha permitido tener una fuente de ingresos y un mejoramiento en la calidad de vida. Con el propósito de crecer, Maricela se encentra solicitando un crédito que invertirá en la compra de dos vitrinas y surtido, lo que le permitirá aumentar sus ventas y tener mejores ingresos. Su mayor sueño es poder reunir el dinero suficiente para comprarle una vivienda a su madre y evitarle dolores de cabeza cuando llega la hora de pagar el arriendo. Asegura que ha pesar de las dificultades económicas que ha tenido que atravesar con su familia, es feliz porque gracias a Dios no ha faltado el alimento diario ni un techo donde albergarse.
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.