Leidy is 33 years old and she is a mother dedicated to her children who are 8 and 11 years old. Ever since the death of her husband, she needed to assume the duties of head of household in order to earn enough money for food and the education of her children.
With the goal of earning more money to support her family, Leidy decided to dedicate herself to selling catalog items and later she was able to open a store where she sells beauty products and toiletries. She is asking for this loan because she wants to invest in her business by purchasing more stock in order to increase her sales and income.
She dreams of being able to give her children a quality education and to share important moments with her family.
Leidy de 33 años es una mujer entregada a sus dos hijos de 8 y 11 años de edad. Después de la muerte de su esposo debió tomar las riendas del hogar y generar los ingresos para la alimentación y la educación de sus tres hijos menores de edad.
Con el fin de generar dinero para el sostenimiento de su familia, Leidy se dedicó a la venta de productos por catálogo y posteriormente logró crear un almacén dedicado a la venta de productos de belleza y aseo personal. Se encuentra solicitando un crédito que invertirá en la compra de surtido con el fin de aumentar sus ingresos.
Sueña con brindarles a sus hijos una educación de calidad y compartir grandes momentos en familia.
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.