Yakeline, a 36-year-old woman, is a mother to her 12-year-old son and the head of her household. After suffering the abandonment of her husband, this woman assumed the household responsibilities with the goal of getting her family ahead.
She decided to make a living selling merchandise in a small storefront in the town of Rionegro. Currently, Yakeline has many customers who constantly request a variety of things from her. With the goal of satisfying this demand, she requests this loan, which she will use to purchase shirts, jeans, and accessories.
Her greatest wish is to give her son a better way of life.
Yakeline de 36 años de edad, es madre cabeza de familia de un hijo de doce años. Tras sufrir el abandono de su esposo, esta mujer tomó las obligaciones del hogar con el propósito de sacar su familia adelante.
Decidió dedicarse a la venta de mercancía en un pequeño local del municipio de Rionegro.
En la actualidad, Yakeline tiene mucha clientela, la cual le solicita constantemente artículos variados; con el fin de satisfacer esta demanda, se encuentra solicitando un crédito que invertirá en la compra de blusas, jeans y accesorios.
Su mayor deseo, es brindarle a su hijo una mejor condición 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.