Mary is 24 years old. She is a woman with great challenges and dreams to achieve. She says that her big dream was to be an educator, but she did not have the means to go to university, so she choose to open a small Internet business in her home to generate the resources to pay for her career. And so she launched her business. She has been in business for more than three years and is requesting a loan in order to buy a computer, a play station, a TV set, and stationery in order to expand her merchandise and increase her sales.
She hopes to finish her studies, provide a service to the community and become a successful businesswoman.
Mary de 24 años de edad, es una mujer con grandes retos y sueños por realizar. Cuenta que su gran sueño fue ser educadora, pero no contaba con los recursos para ingresar a la universidad, por lo cual optó por crear desde su casa una pequeña sala de internet y generar los recursos para pagar su carrera. Fue así como inició con la creación de su negocio. Hoy lleva más de tres años realizando la actividad y se encuentra solicitando un crédito para la compra de un computador, un play station, televisor y artículos de papelería con el fin de aumentar su portafolio de productos e incrementar sus ventas.
Espera poder terminar sus estudios, prestar su servicio a la comunidad y convertirse en una empresaria de éxito.
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.