Myriam is 51 years old, married, and has two children who she has helped succeed with great effort and dedication. She earns a living working at her own business, a photography studio that started as a hobby. Since she was young, she has felt a special enjoyment for this art. Later, she saw that there was an opportunity for a business that could generate income to support her household.
She is currently requesting a loan to purchase a multifunction printer. This will help her generate more income, since she will be able to provide a complete service in less time, which will optimize production.
Myriam says that her goal is to accredit and strengthen her business in order to leave her children a good legacy and that they drive the work to achieve permanence in time and that it allows them to enjoy a better quality of life.
Myriam, a sus 51 años de edad, es casada y madre de 2 hijos a los que ha sacado adelante con gran esfuerzo y dedicación. Se gana la vida trabajando en su propio negocio, un estudio fotográfico que comenzó como hobby, pues desde muy joven siente un gusto especial por este arte. Luego de un tiempo, vio en esta actividad una oportunidad de negocio con el que podría generar recursos para aportar a la economía de su hogar.
Actualmente solicita el apoyo del crédito para comprar una impresora multifuncional, con la que se pueda adaptar para generar mejores ingresos, así prestará un servicio completo y en menor tiempo, optimizando su producción.
Myriam manifiesta que su mayor anhelo es acreditar y fortalecer su negocio para poder dejar un buen legado a sus hijos y que sean ellos quienes impulsen la labor para lograr permanencia en el tiempo y les permita disfrutar 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.