Marilyn is 44 years old and a hardworking woman who strives tirelessly to earn an income so she can help her husband with the household finances and her only son’s university education.
She has worked as an independent merchant for the past eight years, selling merchandise such as clothing and shoes. Her main customers are her family, friends, and acquaintances in the area. She is asking for this loan to buy merchandise (jeans, t-shirts, sneakers, blouses, and jackets). This way she will have a variety of merchandise to satisfy her customer wants and needs, improving her sales and income through her labor.
Marilyn says that her main purpose is to continue working for her family’s wellbeing and she wants to continue working with effort and dedication to accredit her business well and guarantee her family’s financial stability so she can enjoy a better quality of life with her loved ones.
Marilyn a sus 44 años de edad, es una mujer pujante y trabajadora, que lucha incansablemente para conseguir ingresos que le permitan apoyar a su esposo con la carga económica del hogar y la educación universitaria de su único hijo.
Desde hace 8 años trabaja como comerciante independiente, vendiendo mercancía como ropa y calzado, sus principales clientes son familiares, amigos y conocidos del sector donde reside.
El crédito que solicita lo invertirá en la compra de surtido al por mayor (jeans, camisetas, tenis, blusas, chaquetas), así tendrá más variedad para ofrecer y satisfacer los gustos y necesidades de sus clientes, mejorando las ventas y por ende los ingresos que percibe con su labor.
Marilyn manifiesta que su mayor propósito es seguir velando por el bienestar de su familia, por ello quiere seguir trabajando con esfuerzo y dedicación para acreditar bien su negocio y garantizar una estabilidad económica que le permita disfrutar una mejor calidad de vida en compañía de los que ama.
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.