After becoming a widow, and as a mother at the head of a home with 6 children, Rubiela decided to create her own business, selling products from a catalog to her acquaintances, neighbors, family members, and friends. Thus, in addition to being in charge of the home, she generates her own income to cover the family's basic necessities.
This enterprising woman dreams of having her own shop in which she could install a general store and generate employment.
At present, Rubiela needs a loan to buy a display case and some articles that would permit her to offer a greater variety of products and improve her income.
Después de quedar viuda y como madrea cabeza de hogar de 6 hijos, Rubiela decidió crear su propio negocio, venta de productos por catálogo los cuales ofrece a sus conocidos, vecinos, familiares y amigos, así además de estar pendiente del hogar genera los ingresos propios para cubrir las necesidades básicas.
Esta emprendedora sueña con tener su propio local en el que pueda poner un almacén y generar empleo.
Actualmente, Rubiela necesita de un préstamo para comparar una vitrina y algunos artículos que le permitirán ofrecer mayor variedad de productos y mejorar sus ingresos.
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.