Dora Liliana is 49 and single and has no children. She sells fast food on Thursday, Friday, Saturday, and Sunday. She augments this business by selling catalog items and general merchandise. She is recognized in her neighborhood as hardworking, judicious, and determined.
She will use the loan to buy supplies (cold cuts, bread, sauces) and catalog merchandise (pajamas, lingerie, accessories, perfume, clothing) to increase sales and income to pay household expenses. Her main dream is to grow her food business so that she can offer jobs to other people.
Dora Liliana es una mujer de 49 años de edad, es soltera y no tiene hijos. Actualmente se dedica a la venta de comidas rápidas los días jueves, viernes, sábado y domingo, actividad que alterna con la venta de productos por catálogo y mercancía en general. Es una persona muy trabajadora, juiciosa y dedicada, por lo cual es reconocida en el sector donde reside. Con el crédito que solicita desea comprar insumos (carnes frías, panes, salsas) y también comprará productos por catálogo (pijamas, lencería, accesorios, perfumería, ropa) con el fin de incrementar sus ventas y por ende, sus ingresos para el sostenimiento de su hogar. Su principal sueño es hacer crecer su negocio de comidas para poder generar oportunidades de empleo a otras personas.
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.