Marta is 31 years old, married and has two children. For four years she has been working independently selling beauty products from catalogues provided by businesses that are known around the world. Marta's dream is to improve her sales and, with it, to improve her income and quality of life. She will use this loan to buy merchandise (such as perfumes, cosmetics and personal hygiene products) and to have enough stock to provide to her customers.
In the future Marta would also like to have her own premises to sell to her products. She would like to offer good quality products there and satisfy her customers' needs. She can then make her business more profitable and go on with her life plans.
La señora Marta tiene 31 años, es casada y tiene dos hijos, desde hace cuatro años trabaja en forma independiente vendiendo productos de belleza y cosmetología por catálogos de varias empresas reconocidas a nivel mundial, Doña Marta tiene como sueño mejorar sus ventas y con ello aumentar sus ingresos y mejorar su calidad de vida, con el crédito solicitado comprará mercancía (como perfumería, cosméticos, productos de aseo personal) y así obtendrá un stock suficiente para ofrecerles a sus clientes.
También en el futuro desea adquirir un local propio para la distribución de sus productos, ofreciendo artículos de buena calidad y satisfaciendo las necesidades de sus clientes, de igual forma genera mayor rentabilidad para su negocio y amplía su proyecto 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.