Update on Gladis HelenaGladis is a woman who is experienced in different fields. Fortunately, she is very good at each one of them.
During the time she lived in her birthplace of Amaga, Colombia, Gladis had a business of preparing and selling corn arepas (flatbread that is served with condiments or used to make sandwiches). She experienced a great deal of success.
Gladis now has a business of selling fabric remnants. She already has a space in her house that is used as a grocery store, but she also uses it to keep all of her merchandise which she then sells in bulk to different sewing workshops. Gladis seeks a loan so that she can increase her inventory of merchandise. This would result in more profits that she could earn, which would enable her to make her purchases with cash.
Hace un tiempo en su pueblo natal (Amaga, Colombia) tenía un negocio en el que preparaba y vendía arepas de maíz, el cual tuvo muy buen éxito.
Ahora tiene un negocio en comercialización de retal textil, ya que tiene un espacio en su casa el cual utiliza como bodega y allí almacena toda su mercancía, la cual vende el por mayor a los diferentes talleres de confección.
Ella dese un préstamo para aumentar su inventario de mercancía y así poder aumentar la utilidad que le generan éstos al comprarlos de contado.
Su mayor sueño es ver crecer su negocio y poder darle una buena calidad de vida a su hijo (ver foto) el cual es su motivación cada día.
Previous Loan DetailsGladis is 42 years old. She works making arepas in order to help her husband with the household expenses and her 9 year old daughter's education. She gets up early every day to start her job of making arepas, which she distributes to her neighbors. She currently makes about 18 packages every d... More from Gladis Helena's previous loan »
Important InformationThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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