Cilia sells clothing for a living. She started her business over two years ago and alternates this work with her household activities. She is thankful for the opportunity the Lord has given her to generate her own income and have a dignified job.
Her greatest goal is to improve her economic situation and be able to give her family a better quality of life.
She is currently requesting a loan to buy merchandise to fill orders she has already received from her customers.
Cilia se dedica a la comercialización de ropa como actividad económica, desde hace más de dos años, labor que alterna con las actividades de su hogar. Agradece a Dios la oportunidad que la ha dado para generar su propio sustento y tener un trabajo digno que realizar.
Su mayor sueño es mejorar su condición económica y tener la oportunidad de brindarle a su familia una mejor calidad de vida.
En la actualidad se encuentra solicitando un crédito para la compra de mercancía con el objeto de cumplirles a sus clientes con los encargos solicitados.
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.