Cindy Vanessa is a 25-year-old mother of a five-year-old son. A year ago, with her friend's influence, she began to get involved with selling merchandise from Amway catalogs, delivering the products to homes, which is how she has been able to generate an income for her family and to support her small child. She is a wise and hard-working woman.
She hopes to invest the loan she is requesting in the purchase of an assortment of products (body cream, lotion, cleaning products) and, in that way, she will be able to offer her clients a larger variety of merchandise, with which she can increase her sales and therefore her income.
Her biggest wish is to have a bigger and more solid business, which will allow her to continue helping her family, share more time with her son and offer him a better quality of life.
Cindy Vanessa es una mujer de 25 años de edad, madre de un hijo de 5 años. Hace un año por influencia de una amiga, comenzó a involucrarse con la actividad de ventas de mercancía por catálogo de Amway y realizando la entrega de los productos a domicilio, con lo cual ha podido generar ingresos para su familia y para el sostenimiento de su pequeño hijo. Es una joven juiciosa y trabajadora. El crédito que solicita lo desea invertir en la compra de surtido de dichos productos (cremas corporales, lociones, productos de aseo) y, de esta manera poder ofrecer más variedad de mercancía a sus clientes, con lo cual podrá aumentar sus ventas y por ende sus ingresos. Su mayor sueño es tener un negocio más grande y sólido, que le permita seguir ayudando a su familia, compartir más tiempo con su hijo y brindarle una mejor calidad 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.