Luisa is a 19-year-old young woman. Ever since school she started to sell merchandise to her school colleagues and friends. At first she ordered the products like perfume and body creams from an aunt, and then she sold them. Nowadays she makes trips to the city to get the merchandise wholesale at a lower cost. For her this means that she is able to increase the profit margin for each item that she sells. She is an active, dynamic, and enterprising woman. She is always looking for opportunities to get ahead.
That is why she is requesting the loan. She will use the loan to pay the traveling expenses to travel to the city and to buy merchandise wholesale to stock up on body creams, lotions, cosmetics, conditioners, and others. This way she will have a greater variety of products available to meet her customer demand. She will increase her income in order to contribute to the household finances.
Luisa dreams of continuing to work arduously in order to pay for and strengthen her business. She dreams of, in the future, being able to have the possibility of setting up a boutique in which she would be able to sell a greater quantity of her products. This way she would generate positive financial stability in order to improve their living conditions and their well-being.
Luisa es una joven de 19 años de edad que desde el colegio comenzó a vender mercancía a sus compañeras de curso y amigas, inicialmente los productos como perfumes y cremas corporales se los pedía a una tía y luego los vendía. Hoy en día, realiza viajes a la ciudad para adquirir la mercancía al por mayor, a un menor costo lo que para ella significa poder aumentar el margen de ganancia por cada artículo que vende. La cliente es una mujer activa, dinámica y emprendedora, siempre va buscando oportunidades para salir adelante, por esto se motiva a solicitar el crédito que invertirá en pagar los viáticos para viajar a la ciudad y comprar surtido de mercancía al por mayor (cremas corporales, lociones, cosméticos, tratamientos capilares, entre otros), así tendrá más variedad de productos disponibles para satisfacer la demanda de sus clientes y aumentar los ingresos para aportar a la economía de su hogar. Luisa sueña con seguir trabajando arduamente para acreditar y fortalecer su negocio y, en un futuro poder tener la posibilidad de montar una boutique en la que pueda vender mayor cantidad de productos y así generar una estabilidad económica favorable para mejorar las condiciones de vida y su bienestar.
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.