Cindy is 25 years old. She is single and has no children. She has pursued various types of handicrafts and principally makes tablecloths, centerpieces, and baby blankets, among other things. She then sells these products to her acquaintances and neighbors. She is a hard-working, committed woman who works from Monday to Sunday and drives herself to complete her customers' orders.
The loan will be used to invest in supplies such as fabric, needles and thread, so that she can complete her pending orders and satisfy her customers' requests. Her dream is to open a gift shop that is well recognized in the city and by doing so, increase her income as well as her quality of life.
Cindy es una mujer de 25 años de edad, es soltera y no tiene hijos. Ha realizado diversos cursos de manualidades por lo que se dedica a hacer manteles, centros de mesa, mantas para bebé, entre otras cosas, que posteriormente las vende a sus conocidos y vecinos del sector donde reside. Es una joven luchadora y comprometida, trabaja de lunes a domingo y se esmera por cumplirle a sus clientes. El crédito lo desea invertir en la compra de insumos (telas, agujas, hilos) para poder hacer los encargos que tiene pendientes y de esta forma, poder satisfacer los requerimientos de sus clientes. Su mayor sueño es tener una tienda de regalos que sea reconocida en su ciudad y de esta forma poder aumentar sus ingresos para tener 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.