Yury Marcela has worked as a pharmacy manager for many years. However, her family is in agriculture and her father has worked the land all of his life. For this reason, Yury not only wants to learn how to farm, but help her father with his current crops so that she can receive another source of income. By starting her own business, she will be able to improve her quality of life and that of her family.
Yury Marcela desde hace varios años se desempeña como regente de farmacia, sin embargo su familia ha sido agricultora y su padre ha trabajado la tierra todo su vida, es por esto que Yury quiere no solo poder aprender y ayudar a su padre en los cultivos que actualmente tiene, sino también poder recibir otros ingresos; así no solo inicia su propio negocio, sino que también puede mejorar su calidad de vida y la de su familia.
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.