Tatiana is a young woman of 19 years old who is trying to find ways to make a living and generate income to pay for her studies. She is currently studying administration, which she does on top of selling footwear to her peers.
She says that, up until now, she has managed to pay her tuition with her income from this business. This has motivated her to ask for a loan to buy merchandise and increase her level of sales.
Her greatest dream is to finish her degree and have her own shoe store, to generate employment in her community.
Tatiana es una joven de 19 años de edad que busca como ganarse la vida y generar recursos para pagarse sus estudios. Actualmente se encuentra estudiando administración, actividad que alterna con la venta de calzado a sus compañeros. Asegura que hasta la fecha ha logrado pagar los semestres con el desarrollo de este oficio, razón que la ha motivado a solicitar un crédito para la compra de mercancía y aumentar su nivel de ventas.
Su mayor sueño es terminar su carrera y tener una tienda de calzado para convertirse en una fuente generadora de empleo para su comunidad.
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.