Diana is a 26 year-old woman, who is the mother of an 8 year-old son and lives in a common law relationship with her partner. She has been selling Amway products for several months, a business she learned about through a friend who invited her to a talk about the products. Initially she bought them for her personal use and then began to recommend them to people she knew and in this way her business began to grow. Thus she has generated an income to support her household.
With the loan she has requested from Interactuar she wants to purchase more Amway merchandise (household cleaning products, personal cleaning items, vitamins and nutrients) at a 42% discount with the goal of being able to offer more variety and of earning more profits in her sales.
Her principal dream is to increase her sales to make millions in earnings each month in order to improve her quality of life and that of her family.
Diana es una mujer de 26 años de edad, es madre de un hijo de 8 años y actualmente vive en unión libre con su pareja. Se dedica a la venta de productos Amway desde hace varios meses, actividad que conoció por medio de una amiga que la invitó a una charla sobre los productos. Inicialmente los compraba para su uso personal y luego comenzó a recomendarlos a las personas que conocía y, de esta forma comenzó a crecer su negocio, con lo cual ha obtenido ingresos para el sustento de su hogar. Con el crédito que solicita en la Corporación desea comprar más mercancía de Amway (productos de aseo para el hogar, aseo personal, vitaminas y nutrientes) con un descuento del 42%, con el fin de poder ofrecer más variedad y tener mayor rentabilidad en sus ventas. Su principal sueño es aumentar sus ventas hasta lograr ganancias millonarias por mes para mejorar su calidad de vida y la de su 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.