Although María Nelly G. has always been an enterprising woman. She is a mother and head of her family, responsible for caring for and giving a good future to her two daughters. They were the main reason why this enterprising woman has given her life to her own business, Papelería Real [Royal Paperstore],which is her only source of income now.
At 35 years old, María Nelly dreams of her paper store being the best in Cisneros, a town to the east of Antioquia, where she is from.
At present, María Nelly needs a loan to buy various things, such as notebooks, pencils, erasers, rulers and reams of paper. In this way, she hopes to increase her income and improve her quality of life.
Aunque María Nelly G. siempre ha sido una mujer emprendedora desde que es madre cabeza de familia y tiene bajo su responsabilidad ofrecerle un buen futuro a sus dos hijas, quienes fueron el motor principal para que esta emprendedora le diera vida a su propio negocio, Papelería Real, que ahora es su única fuente de sustento.
A sus 35 años, María Nelly sueña con que su papelería sea la mejor de Cisneros, municipio al oriente de Antioquia del que es oriunda.
Actualmente, María Nelly necesita de un préstamo para comprar surtido como cuadernos, lápices, borradores, reglas y resmas, así espera incrementar sus ingresos y mejorar su 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.