Doing what she can to make money to provide for her family is the philosophy of María Elena B., who some time ago decided to start a business on her own in the center of Medellín. It is there this enterprising woman has a small store located on one of the sector's main roads, selling snacks, prepared coffee and cell phone cards. She works more than 10 hours a day, but that does not impede her from doing her job. Currently, María Elena is requesting a loan to purchase supplies in bulk, which will allow her to buy the items at a lower price and increase her profits. She also wishes to purchase a cell phone since the once she has is broken, which prevents her from selling even more cell phone cards. Furthermore, she needs to pay off what she owes to one of her suppliers. María Elena hopes to continue her business and dreams of having a wider variety of merchandise to keep making headway with her family and providing a better future for her grandson.
Rebuscarse el dinero para aportar al sustento de su familia es la filosofía de María Elena B., quien desde hace algún tiempo decidió ser independiente montando su propio negocio en el centro de Medellín, allí esta emprendedora tiene una pequeña tienda ubicada en una de las vías principales del sector donde vende snacks, café preparado y minutos a celular, trabajar más de 10 horas diarias no es impedimento para que María Elena realice su trabajo.
Actualmente María Elena necesita de un crédito para comprar surtido en cantidad lo que le permitirá comprar a un menor costo para obtener mayores ganancias, así mismo desea comprar un celular ya que el que tiene ya está fallando y eso le impide vender aún más minutos, además necesita cancelar lo que le adeuda a uno de sus proveedores.
María Elena espera continuar con su negocio y sueña con tener cada vez más variedad de mercancía para salir adelante con su familia y ofrecerle un mejor futuro a su nieto.
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.