María Victoria R. D. A. is an enterprising woman. She is a great cook with that special touch and thanks to her drive to succeed, she opened her fast-food business "La Sazón D. Vicky" (Vicky's Flavor) 3 years ago. Her microbusiness gave her the opportunity to work as an independent and contribute to household expenses.
Although her sales volume declines in winter, it does not prevent Vicky (as María Victoria is known in her sector) from opening every day, because she believes that every small step is progress. To go on with her business, she hopes to improve it in many ways. She will innovate and offer various dishes. Currently, the entrepreneur needs a loan to buy a stove, a cooker, pots and ingredients. All this will enable her to increase her sales and improve her quality of life.
María Victoria R. D. A. es una mujer emprendedora, pues gracias a su buena sazón y a su empeño por salir adelante, desD. hace 3 años le dio vida a su negocio D. comidas rápidas “La Sazón D. Vicky”, microempresa que le ha dado la oportunidad D. trabajar como independiente y aportar a los gastos D. su hogar.
Aunque en las temporadas D. invierno las ventas disminuyen, Vicky como es conocida en el sector no deja D. abrir ningún día, pues considera que así sea poco algo se hace. Para continuar con su negocio, espera mejorar en muchos aspectos, con el fin D. llegar a innovar ofreciendo platos diferentes, por ahora, esta emprendedora necesita D. un préstamos para comprar un fogón, una olla, recipientes y algunos insumos que le permitirán incrementar sus ventas y mejorar su calidad D. vida.
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.