Celene is 38 years old, single, and has no children. She has been a businessperson for 15 years as she has a pharmacy located in the area where she lives. She learned this business working with her father who has followed this occupation for a long time.
The borrower is a determined, sensible, energetic woman, always looking for options that will allow her to move forward in life. For this reason, she is requesting the loan to invest in the purchase of stock (syrups, medicines in tablet form, personal hygiene products) with the aim of continuing with her business and having a variety of products and brands to offer her customers. This will allow her to increase her sales and thereby have greater income to continue contributing to the household finances. In addition, she will be able to have a greater chance of fulfilling her dream of seeing her business grow and offering work opportunities to other people. This way she will improve her quality of life and be able to offer her parents greater well-being and financial stability.
Celene, con 38 años de edad, es soltera y no tiene hijos. Desde hace 15 años se dedica a la actividad comercial, ya que tiene una farmacia ubicada en el sector donde reside; esta actividad la aprendió trabajando con su padre, quien se ha dedicado a este oficio durante mucho tiempo. La prestataria es una mujer luchadora, juiciosa, activa y siempre va en busca de opciones que le permitan salir adelante, por esta razón solicita el crédito, para invertirlo en la compra de surtido (jarabes, medicamentos en tabletas, productos de aseo personal) con el fin de continuar con su negocio y tener variedad de productos y marcas para ofrecerle a sus clientes; esto le permitirá incrementar sus ventas y por ende tendrá mayores ingresos para continuar aportando a la economía de su casa, además podrá tener más posibilidades para cumplir el sueño de hacer crecer su negocio y brindar oportunidades de empleo a otras personas. Así mejorará su calidad de vida y podrá ofrecer a sus padres un mejor bienestar y estabilidad económica.
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.