Aleida is a woman who is dedicated to her work, which she does with great enthusiasm. Aleida, who is 43 years old, has formed a home that is made up of her husband and their two children. She always wants to provide them with the necessary support. Aleida, sells personal products through show catalogs, and her clients are her relatives and friends from the area of her residence. Aleida dreams of increasing the variety of products that she offers to her customers. This way, she will be able to increase her income from her home and improve the quality of life for her children and her husband. Since she has some delayed orders, Aleida is requesting a loan to buy the products of her order, and therefore be able to fulfill the orders that have been given to her. Aleida is afraid that since she is not able to fulfill their orders, her customers will prefer to buy the things from other sellers and therefore see her dream fail of offering her children a good education and stable finances.
Aleida es una señora dedicada a su trabajo, el cual la caracteriza por hacerlo con bastante entusiasmo. Aleida, a sus 43 años de edad ha formado un hogar que esta compuesto por su esposo y sus dos hijos, a quienes siempre les quiere brindar el sustento necesario. Aleida, se dedica a la venta de productos de uso personal a tavés de catálogos de muestra, y sus clientes son sus familiares y amigos del sector de su residencia. Aleida sueña con ampliar la variedad de productos que ofrece a sus clientes, para así poder aumentar los ingresos de su hogar, y mejorarles la calidad de vida a sus hijos y su esposo. Debido a que tiene algunos pedidos atrazados, Aleida requiere un préstamo para comprar los productos de su pedido y así poder atender los pedidos que le realizaron. Aleida teme que por no poder cumplir con sus pedidos, su clientela prefiera seguir comprándoles a otras vendedoras y por tanto, le tocará ver como su sueño de ofrecerles una buena educación y una estabilidad económica a sus hijos se irá aplazando.
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.