Diana started her business years ago with the goal of generating income to support her household after the passing of her husband. She learned handicrafts when she was little, thanks to her family and the school where she completed her studies. She currently works every day from 8 am to 5 pm doing this as well as selling chorizos and tamales that she herself prepares in her home. She is requesting a loan that she will use to purchase basic materials (wool, thread, beads, and trinkets), with the goal of increasing her sales and improving her revenues. She dreams of giving her two children the opportunity of pursuing higher education and seeing them become great professionals.
Diana, inició su negocio hace varios años con el objetivo de generar ingresos para el sostenimiento de su hogar, después del fallecimiento de su esposo. Aprendió manualidades desde pequeña gracias a su familia y a su colegio en donde terminó sus estudios. En la actualidad labora diariamente de 8:00 am hasta las 5:00pm, actividad que complementa con la venta de chorizos y tamales que ella misma prepara desde su casa. Se encuentra solicitando un crédito que invertirá en la compra de materias primas (lana, hilo, canotillos y bisutería) con el fin de aumentar sus ventas y mejorar sus ingresos.
Sueña con brindarle a sus dos hijos la oportunidad de acceder a la educación superior y verlos convertidos en grandes profesionales.
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.