Heidy Sorelly is a 26-year-old single mother head of household; she has a six-year-old daughter. She’s worked for 8 years selling merchandise like clothes, shoes, catalog merchandise, etc. and has managed to earn income this way to support her daughter and cover basic household needs. Her main customers are family members, neighbors and friends in the sector where she lives. She is a hardworking, dedicated person whose main motivation is her daughter and even though employment opportunities are scarce that doesn’t stop her from continuing to strive on her own to move her daughter forward.
She’s had four loans with the Corporación already and wants to use the one she’s requesting now to buy merchandise (clothes and shoes) to offer more variety to her customers and be able to increase sales. Her main dream is to have a very stable business that generates good income to give her daughter a good education and to improve her quality of life at home.
Heidy Sorelly es una mujer de 26 años de edad, soltera y madre cabeza de hogar, tiene una hija de 6 años. Hace 8 años se dedica a la venta de mercancía como ropa, calzado, productos por catálogo, entre otros y, con esto ha logrado obtener ingresos para el sostenimiento de su hija y de las necesidades básicas en su hogar; sus principales clientes son familiares, vecinos y amigos del sector donde reside. La prestataria es luchadora y dedicada, su principal motivación es su hija y aunque las oportunidades de empleo son pocas, eso no la detiene para seguir luchando por si sola para sacar su hija adelante. La cliente ya ha tenido 4 créditos con la Corporación y con el que solicita actualmente desea comprar más mercancía (ropa y calzado) para ofrecer más variedad a sus clientes y poder aumentar sus ventas. Su principal sueño es tener un negocio muy estable, que le genere buenos ingresos para darle una mejor educación a su hija y mejorar la calidad de vida en su hogar.
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.