Miryam is a person known in her community for being hardworking and kind. She is 36 years old and has two children who are under the age of majority. She has been working for more than five years selling merchandise (underclothes, jeans and blouses). This business generates income for her household.
She dreams of having a great business and being able to generate employment for people in need.
She aspires to continue to grow her sales. This has motivated her to ask for a loan, which she will invest in buying merchandise and providing her children with a good education.
Miryam es una persona caracterizada por ser trabajadora y bondadosa con las personas de su comunidad. Con 36 años, es madre de 2 hijos menores de edad. Se dedica desde hace más de 5 años a la venta de mercancía (ropa interior, jeans, blusas), actividad con la cual genera ingresos para su hogar.
Sueña con tener un gran negocio y poder generar empleo para las personas más necesitadas.
Aspira a que sus ventas sigan aumentando, razón que la ha motivado a solicitar un crédito que invertirá en la compra de mercancía y brindarle a sus hijos una buena educación.
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.