Beatriz, 37 years old, sells products and merchandise by catalog out of her home to neighbors and family, a business that has allowed her to support her household. She is currently looking to improve her financial situation, which is why she finds herself requesting a loan that will be used to purchase clothes and accessories, with the goal of increasing her income. She dreams of having a large store that she will locate in the local market.
She assures us that thanks to her business, she has improved her quality of life.
Beatriz de 37 años de edad. Se dedica a la venta de productos por catálogo y mercancía desde su casa a vecinos y familiares, actividad con la que ha logrado sostener su hogar. En la actualidad busca mejorar su situación económica por lo cual se encuentra solicitando un crédito que destinará en la compra de ropa y accesorios con el fin de aumentar sus ingresos. Sueña con tener un gran almacén y posicionarlo en el mercado local.
Asegura que gracias a su actividad ha mejorado su calidad de vida.
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.