Arleth is quite a tenacious woman who has always wanted to get ahead with her three children and husband. Her family is the greatest motivation that she has to work constantly day after day to get better. She provides clothes washing machines for rent in the Municipality of Sincelejo to the people who want this type of service. In the beginning it was difficult to start as she had no experience and she was afraid to face the market. But little by little her business gained strength and today has a good number of clients.
Arleth is requesting a loan to adapt an area that she has in her house to be able to fit the 6 washing machines with which she has to work. In this way she can work in a more comfortable manner.
Arleth es una mujer bastante tenaz y siempre ha querido salir adelante con sus tres hijos y su esposo.
Su familia es la motivación más grande que tiene para trabajar incansablemente día a día para ser mejor.
Ella ofrece el servicio de alquiler de lavadoras en el municipio de Sincelejo a los habitantes que soliciten este tipo de servicios.
Al principio fue difícil iniciar ya que no tenía experiencia y le daba temor enfrentarse al mercado, pero poco a poco fue tomando más fuerza y hoy en día tiene una gran cantidad de clientes.
Ella solicita un préstamo para realizar la adecuación a un espacio que tiene en su casa y así poder guardar las 6 lavadoras con las que actualmente dispone para trabajar.
De este modo podrá trabajar de una manera más cómoda.
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.