Margalida is 23 years old. She lives with her partner and has a three-year-old son. Before, Margalida made a living helping her husband in his workshop, producing jewellery, but later she began selling watches and women's accessories. Little by little, she saved up until she had enough start-up capital to build up stock (clothes and women's accessories). She started the business eight months ago and has managed to earn an income to support her young son and her household. With this loan, Margalida would like to buy more merchandise (blouses, jeans, women's accessories) in order to offer a greater variety of products to her customers, and increase her sales. Margalida's biggest dream is to have her shop very well-stocked - this would allow her to offer something for her customers' needs and tastes, and allow her to increase her income and provide her child with a better quality of living and well-being.
Margalida es una mujer de 23 años de edad, vive en unión libre con su pareja y tiene un hijo de 3 años. Inicialmente se dedicaba a ayudarle a su esposo en el taller de joyería, pero luego comenzó a vender relojes y accesorios para dama, poco a poco fue ahorrando hasta lograr reunir el capital inicial para montar su propio almacén de ropa y accesorios para dama, con el cual ya cumple 8 meses de haberlo iniciado y, de esa forma ha logrado obtener ingresos para el sostenimiento de su pequeño hijo y para apoyar el sustento en su hogar. Con el crédito que solicita desea comprar más surtido de mercancía (blusas, jeans, accesorios para mujer) con el fin de poder ofrecer más variedad de mercancía a sus clientes y así aumentar las ventas. Su principal sueño es tener su almacén muy bien surtido, que le permita satisfacer los gustos y necesidades de sus clientes, incrementando así los ingresos para brindarle un mejor bienestar y calidad de vida a su hijo.
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.