Julieth is 29 years old, single, and has no children yet. She has been making handicrafts for three years, an activity she learned from her family members and which she alternates with her profession as an agricultural engineer. In this way she has obtained income for meeting the basic needs of her household.
She is a strong, intelligent, enterprising and energetic woman. She is always looking for opportunities that will help her fulfill her dream of having her own handicraft store. This is the reason for requesting the loan, with the aim of investing in the purchase of materials and supplies such as wood, paint and artificial flowers.
This way she will be able to keep her business going and continue generating income for maintaining her household. In addition, she will be able to save, in order to acquire her own shop in the medium-term, and be able to enjoy a better quality of life with her family.
Julieth tiene 29 años de edad, es soltera y aún no tiene hijos. Desde hace 3 años se dedica a la elaboración de artesanías, actividad que aprendió de sus familiares y que alterna con su profesión de ingeniera agrónoma. De esta forma ha obtenido ingresos para solventar las necesidades básicas de su hogar. La cliente es una mujer pujante, inteligente, emprendedora y activa. Siempre va buscando opciones que le ayuden a cumplir el sueño de tener su propio almacén de artesanías. Esto la motiva para solicitar el crédito, con el fin de invertirlo en la compra de materiales e insumos (madera, pinturas, flores artificiales), así podrá darle continuidad a su negocio y seguirá generando ingresos para la manutención de su hogar, además podrá ahorrar para adquirir un local propio a mediano plazo y así poder disfrutar de una mejor calidad de vida en compañía de su familia.
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.