María Cielo is a 42-year-old woman, is married, and is a mother to her 18-year-old son. Currently, she works selling merchandise via catalog, including clothes, lingerie, and imitation jewelry. She started this business thanks to the support of her family and with it she has been able to obtain income that goes towards the support of her home.
She is enterprising and hardworking and wants to progress so she can continue to support her family financially. This is the second loan that she has asked for and she wants to use it to buy more of her merchandise (clothing, perfume, accessories, and lingerie). In addition, she will be able to increase her sales and offer a greater variety of products that will satisfy the diverse tastes and needs of her customers (most of whom are friends and family members).
Her main goal is to have a large amount of goods and expand her clientele with good customers. In addition, she hopes to increase her sales so she can improve her family's quality of life with her financial support.
María Cielo es una mujer de 42 años de edad, casada y madre de un hijo de 18 años. Actualmente se dedica a la venta de mercancía por catálogo, ropa, lencería y bisutería; esta actividad la inició gracias al apoyo de su familia y, con ella ha logrado obtener ingresos para apoyar el sustento de su hogar. La prestataria es una persona emprendedora y luchadora, con ganas de salir adelante para seguir apoyando a su familia económicamente. Este es el segundo crédito que solicita con la Corporación y desea invertirlo en la compra de más surtido de mercancía (ropa, perfumería, accesorios, lencería) con el fin de tener la oportunidad de incrementar sus ventas ofreciendo mayor variedad de productos que satisfagan los diversos gustos y requerimientos de sus clientes que principalmente son familiares y amigos. Su principal sueño es tener gran cantidad de surtido y ampliar la cartera con los clientes buenos y aumentar sus ventas para darle un mejor bienestar a su familia con el apoyo económico.
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.