Aridys is 30 years old and the single mother of two daughters, ages 5 and 10. She has been doing catalog sales for more than five years and has been generating income that she needs to live and get her two young daughters ahead. Her goal is to buy merchandise in quantity (perfume, accessories, face and body creams, etc.) to offer her customers so they don’t have to wait for orders to arrive, and take advantage of the end of years season. This helps her sales.
Her greatest dream is to be able to open a store where she can sell different styles of clothing, which will allow her to have a greater and more stable income with which to support her family and her daughters’ education.
Doña Aridys, de 30 años de edad, madre soltera, con dos hijas de 5 y 10 años, desde hace más de 5 años viene trabajando con las ventas por catálogo generando los recursos que tanto necesita para vivir y sacar adelante a sus dos pequeñas. Su objetivo es poder comprar mercancía al por mayor (perfumería, accesorios, cremas corporales y faciales, entre otros) aprovechando la temporada de fin de año, para luego poderla ofrecer a sus clientes, y que estos no tengan que esperar a que lleguen los productos, ya que esto facilita la decisión de compra.
Su gran sueño es poder abrir un almacén, desde donde pueda vender diferentes estilos en prendas de vestir, lo cual le permita tener un mayor y más estable nivel de ingreso para el sostenimiento de su familia, y la educación de sus hijas.
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.