Yenny’s a very hardworking person who contributes economically to her home in order to have better quality of life for her husband and two children. With skills learned in previous jobs, Yenny decided to start selling personal use products and has gradually been improving her family’s income this way. However, since she does not have much capital she’s not been able to respond to large customer orders because she lacks stock with which to fill them. Seeking to improve this situation, Yenny is looking for a loan to buy personal use products to respond to large customer orders. Her dream is to move the business forward and to improve her income so that her home, husband and two children will have better quality of life and improved opportunities for economic progress.
Yenny es una persona muy trabajadora que apoya económicamente en su hogar para poder tener una mejor calidad de vida para su esposo y sus 2 hijos. Como tenía conocimiento de trabajos anteriores, Yenny un día decidió comenzar a vender productos de uso personal y con esto ha venido mejorando los ingresos de la familia. Sin embargo, como no cuenta con mucho capital ha tenido que ver como no puede responder a grandes pedidos, pues no tiene con qué surtir. Buscando mejorar esta situación, Yenny busca un préstamo para comprar productos de uso personal y responder a los grandes pedidos de sus clientes.
Su sueño es poder sacar adelante este negocio y mejorar sus ingresos para que en su hogar su esposo y sus 2 hijos tengan una mejor calidad de vida y mejores oportunidades económicas para progresar.
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.