Dannys, at 33-years-old, makes a living as an independent merchant selling goods for 6 years. She learned this activity from a friend and her older sister who do the same work. Their main customers are family, friends, and residents from the area where she lives. She generates enough income to contribute to the economy of her home. The client is an active and enterprising woman who is always looking for new ways to keep progressing, hence, she is requesting a loan to invest in the purchase of wholesale merchandise (clothes, accessories, cosmetics, etc.) so she can stock up to meet the demand for products that increases with the approaching Christmas season, a time that is beneficial for her personal income. Dannys says that her main objective for her work is to be able to save and, in the future, she dreams of opening her own clothing shop, as she is passionate about this skill and she sees it as a good source of income to move forward and enjoy a better quality of life.
Dannys, a sus 33 años de edad, se dedica a trabajar como comerciante independiente, vendiendo mercancía desde hace 6 años, esta actividad la aprendió de una amiga y de su hermana mayor quien realiza la misma labor; sus principales clientes son sus familiares, amigos y vecinos del sector donde reside, de esta manera genera los ingresos suficientes para aportar a la economía de su hogar. La cliente es una mujer activa y emprendedora, que siempre va buscando nuevas alternativas para seguir progresando; por ello solicita el crédito para invertirlo en la compra de mercancía al por mayor (ropa, accesorios, cosméticos, entre otros); así podrá abastecerse para satisfacer la demanda de productos que aumenta con la temporada de navidad que se aproxima, época en la que se ven beneficiados sus ingresos personales. Dannys manifiesta que su principal objetivo con la labor que realiza, es poder ahorrar ya que en un futuro sueña con abrir su propio taller de confección, pues le apasiona este arte y ve en él una buena fuente de ingresos para seguir avanzando y poder disfrutar 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.