Dora Emilse is a very enterprising woman who for the last 7 years has been selling products for women by catalogue such as cosmetics, accessories, clothes by order, underwear and beauty care products. She is the mother of 2 children and her greatest desire is to offer them a better future. For this she works every day with the hope of making progress. Currently Dora wants to buy merchandise in bulk as in this way the profits are higher and it will bring her benefits such as discounts and prizes. Her intention is to make her order turn-around time as short as possible and make better profits. However Dora does not have the capital necessary to stock her business and buy in the quantities necessary which is why she is asking for a loan with which to improve sales and generate more income, thus achieving a better quality of life.
Dora Emilse es una mujer emprendedora que desde hace 7 años trabaja vendiendo productos femeninos por catálogo como cosméticos, accesorios, ropa por encargo, ropa interior y productos de belleza, es madre de 2 hijos y su mayor anhelo es poder ofrecerles un mejor futuro, por ello trabaja diario con la ilusión de progresar. Actualmente Dora quiere comprar mercancía en mayor cantidad pues así las utilidades son mayores y esto le traerá beneficios de descuentos y premios, su intención es cumplir en el menor tiempo posible con los pedidos de sus clientes y obtener mejores ganancias, sin embargo Dora no cuenta con el capital necesario para surtir el negocio y comprar en las cantidades que requiere, por lo que solicita un préstamo con el cual mejorar las ventas y generar mas ingresos, logrando así 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.