Yamid, 41 years old, is the mother of two children, ages 16 and four years. For them to move forward, she has had to make great sacrifices, but she assures us that for her children, she would give her life, if necessary.
She has worked in a variety of stores in her town, where she learned the trade and earned the experience that motivated her to start her business. For some years, she has sold clothes and accessories out of her home. With the goal of continuing to develop her business and increasing her revenues, she is requesting a loan that she will invest in the purchase of merchandise (clothes, shoes, accessories).
For the medium term, she dreams of opening her own store with a variety of merchandise and providing her son better access to higher education.
Yamid de 41 años de edad, es madre de dos hijos de 16 y 4 años. Para sacarlos adelante ha tenido que hacer grandes sacrificios, pero asegura que por sus hijos daría la vida si fuera necesario.
Ha laborado en varios almacenes de su localidad, por lo cual aprendió del oficio y adquirió la experiencia que la motivó a crear su negocio, Desde hace algunos años se dedica a la venta de ropa y accesorios desde su casa. Con el fin de seguir desarrollando la actividad y aumentar sus ingresos, se encuentra solicitando un crédito que invertirá en la compra de mercancía (ropa, calzado, accesorios).
Sueña en el mediano plazo montar un almacén con gran variedad y brindarle a su hijo mayor el acceso a la educación superior.
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.