Emilsen is 34 years old, is married and has two children who are two and six years old. She is dedicated to the housework, alternating it with the sale of clothing and accessories by catalog. This activity generates income that allows her to help her partner with the household expenses. Her biggest dream is to own a business in order to improve their economic situation and provide a good education to their children.
She is currently requesting a loan which will be invested in the purchase of merchandise for the year-end season so she will be able to give her children a good Christmas gift.
Emilsen de 34 años de edad es casada y tiene dos hijos de 2 y 6 años, Se dedica a las labores del hogar, alternándolo con la venta de ropa y accesorios por catálogo, actividad que le genera ingresos y le permite ayudar a su cónyuge con los gastos familiares, Su mayor sueño es poder tener un negocio propio con el fin de mejorar su situación económica y brindarle a sus hijos una buena educación. En la actualidad se encuentra solicitando un crédito el cual invertirá en la compra de mercancía para la temporada de fin de año y poder regalarles a sus hijos un buen aguinaldo.
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.