Miriam is 64 years old. She is married and the mother of 3 children. Since she married she has taken care of her family as a housewife. She was always looking after the education and well being of her children. Seven years ago, she decided to seek advice on how to generate income on her own, and that is how she started to sell catalog products to her relatives, friends and neighbors in the area where she lives. “I started to sell products by catalog for a change of pace and now I feel useful, since my children are adults. I also like it because the brand of products that I sell is very well known and had a market share and people like it." That is how Miriam expresses her satisfaction while doing this activity.
Right now, she is asking for the loan to invest in buying merchandise (body creams, cosmetics, lotions, facial creams) in order to take advantage of the discounts she gets from buying wholesale and to have a variety of products available to offer her customers. This will allow her to increase her sales profit margin and continue her business. This way, she won't be limited financially and she can help her husband with the household expenses.
Miriam con 64 años de edad es casada y madre de 3 hijos. Desde que se casó se dedicó al cuidado de su familia como ama de casa, siempre estuvo pendiente de la educación y el bienestar de sus hijos. Hace 7 años decidió buscar opciones que le permitieran generar ingresos por cuenta propia, por lo cual comenzó a vender productos por catálogo a sus familiares, amigos y vecinos del sector donde reside. “Comencé a vender productos por catálogo para cambiar de actividad y sentirme útil ahora que mis hijos son adultos, además me gusta porque la marca de los productos que vendo es muy reconocida y tiene trayectoria en el mercado y a la gente le gusta”, así Miriam expresa su satisfacción al realizar esta actividad.
Actualmente solicita el crédito para invertirlo en la compra de mercancía (cremas corporales, cosméticos, lociones, cremas faciales) con el fin de aprovechar los descuentos que obtiene por compra al por mayor y tener variedad de productos disponible para ofrecer a sus clientes; esto le permite aumentar el margen de ganancia por venta y podrá darle continuidad a su negocio, de esta manera no se verá limitada económicamente y podrá ayudar a su esposo con la carga económica del 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.