At 19, Ketty lives with her common law partner and has no children. Due to lack of work experience and opportunities, it has been hard for her to find a job, reason why she decided to find other options to progress on her own and she opened a small school and office supplies store three years ago, she started with some family savings, her work starts very early in the morning, to take advantage of school schedules, which allow her to attract more customers. Ketty is energetic, hardworking and with her entrepreneurial vision she is always looking for options that allow her to get ahead, this is why she requests a loan to invest in buying merchandise (paper, pens, markers, adhesive tape, paint and other products) with the purpose of continuing with her business and having stock available to fulfill the needs of her customers in a timely manner, this will allow Ketty to move forward to achieve her main goal which is to grow her business and make it more profitable so that it gives her economic stability and a better quality of life.
Ketty, a sus 19 años de edad, vive en unión libre con su pareja y aún no tiene hijos. Por falta de experiencia laboral y oportunidades, le ha sido difícil emplearse, por esa razón decidió buscar opciones para progresar por sí misma y montó una pequeña papelería hace 3 años, inició con un ahorro familiar y su jornada laboral comienza desde muy temprano en la mañana, para aprovechar los horarios escolares, que le permiten atraer más clientes. Ketty es una joven enérgica, trabajadora y con su visión emprendedora siempre está buscando opciones que le permitan salir adelante, por esa razón solicita el apoyo del crédito para invertirlo en la compra de surtido (resmas de papel, lapiceros, marcadores, cinta adhesiva, témperas, entre otros) con el fin de darle continuidad a sus negocio y tener disponibilidad de productos para satisfacer las necesidades de sus clientes de manera oportuna, esto le permitirá a Ketty avanzar para cumplir su principal objetivo que es hacer crecer su negocio y posicionarlo para que sea más rentable y le dé la oportunidad de tener una estabilidad económica y una mejor calidad de vida.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
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.