Viviana is a single mom with a two-year-old child. She currently sells merchandise to her family, friends, and neighbors in the area where she lives. She offers items such as jeans, tops, jackets, and t-shirts, among other things, and she uses the money she makes to help support her family. She has been in this business for two years and she learned from a friend who does the same kind of work. Her spirit of self-improvement and progress drive her to search for options that will allow her to keep moving forward, so she is requesting a loan to use to buy merchandise in bulk (tops, jeans, t-shirts, stockings). This will allow her to stock up enough to satisfy the increased demand during the upcoming Christmas season, reducing her costs and ultimately increasing her profit margin on each sale, which means a return on her investment. Viviana, like all enterprising and visionary women, wants to continue working hard to achieve her dream of having a shop where she could sell all her products to the general public. This would be a path to a higher quality of life for her and her family.
Viviana es madre soltera de un hijo de 2 años de edad, actualmente se dedica a vender mercancía entre sus familiares, amigos y vecinos del sector donde reside, ofrece artículos como jeans, blusas, chaquetas, camisetas, entre otros y los recursos que obtiene los utiliza para aportar al sostenimiento de su familia. Esta actividad la realiza desde hace 2 años y aprendió de una amiga que también se dedica a esta labor. Su espíritu de superación y progreso la impulsan para buscar alternativas que le permitan seguir avanzando, por esto solicita el apoyo del crédito, para invertirlo en la compra de mercancía al por mayor (blusas, jeans, camisetas, medias), así podrá abastecerse lo suficiente para satisfacer la demanda que aumenta en la temporada navideña que se aproxima, reduciendo costos y por ende aumentando el margen de ganancia por cada venta, lo que para ella significa tener rentabilidad. Viviana como toda mujer emprendedora y visionaria, desea seguir trabajando fuertemente para llegar a cumplir su sueño de montar un almacén en un local comercial, donde podrá ofrecer todos los productos al público en general y así abrirse paso para disfrutar con su familia de una mejor calidad de vida.
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.