One of these is selling merchandise, such as clothing and shoes, which is the business she is currently working in and which she learned empirically.
She does her selling on foot, traveling between different municipalities in the department of Córdoba.
This business is currently her primary source of income for herself and her husband.
She is requesting financial support to acquire a larger quantity clothing and shoe merchandise to increase her inventory and offer her customers much more variety.
This support will allow her to meet the challenge of increasing sales and, accordingly, increasing her income support herself.
Her main challenge is the time is takes to travel around as she does not have her own vehicle and instead rides the municipal buses.
Una de ellas es la venta de mercancía como ropa y zapatos, actividad a la que se dedica actualmente y que aprendió de manera empírica.
Las ventas las realiza de forma ambulante desplazándose entre diferentes municipios del departamento de Córdoba.
Actualmente este oficio es su principal fuente de ingresos para ella y su esposo.
Solicita un apoyo económico para adquirir una mayor cantidad de mercancía en ropa y zapatos para aumentar su inventario y ofrecer mucha más variedad a sus clientes.
Este apoyo le permitirá enfrentar el reto de tener más ventas y por lo tanto más ingresos para su sostenimiento.
Su principal dificultad es el tiempo que toma cada desplazamiento ya que no tiene un vehículo propio si no que se transporta en los buses municipales.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
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.
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