After suffering the death of her only child, Cielo de Jesús O. A., aged 60, decided to forge ahead and struggle to support herself, since her son was the one who supported the household.
Cielo says, still with a look of sadness on her face, that the blows that life has given her have also driven her to keep on going. Now her vegetable store is her only source of income that lets her keep on standing.
At present, Cielo needs a loan to buy a variety of products, specifically, items for the family shopping basket and vegetables. In this way, she will increase her inventory and her income.
Después de sufrir la muerte de su único hijo, Cielo de Jesús O. A. de 60 años decidió seguir adelante y luchar por solventarse, pues su hijo era el que se hacía cargo de los gastos del hogar.
Cielo dice todavía con una expresión de tristeza en el rostro que los golpes de la vida son los que también impulsan a seguir adelante, pues ahora su legumbrería es su única fuente de ingresos y es la que le permite mantenerse en pie.
Actualmente, Cielo necesita de un préstamo para comprar surtido, específicamente en artículos de la canasta familiar y legumbres, así incrementará su inventario y logrará incrementar sus ingresos.
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.