Since she was a child, Geraldine has liked drawing. She has a creativity that has served her to create and make different types of cards, accessories and decorative items. When she left high school, she started to work in an accessories store until due to her pregnancy she decided to work at home. Since then, she has run her own store selling accessories and decorative items, helping a lot of people with her decorating service. In this way, she generates support for her home and her two children.
Geraldine dreams of having a great distribution business for this type of item at the national level. She will invest the loan in buying candy, decoration materials and polystyrene.
Desde niña Geraldine le ha gustado dibujar, y cuenta con una creatividad que le ha servido para crear y hacer diferentes tipos de tarjetas, detalles y artículos para decoración. Cuando salió del colegio empezó a trabajar en un almacén de detalles, hasta que por su situación de embarazo decidió trabajar desde su casa, desde entonces ella maneja su propia tienda de detalles y decoración, ayudándole a muchas personas con sus servicios decorativos. Generando de este modo un sostenimiento para su hogar y sus dos hijos
Geraldine sueña con tener una gran empresa de distribución de este tipo de artículos a nivel nacional
El crédito lo invertirá en confitería, material de decoración e icopor
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.