The traditional 'arepa' (cornmeal roll) turned into a business for 37 year-old Claudia Liliana R.. With some savings, the desire to get ahead in life together with her husband and daughter, her two hands and two ovens that somebody loaned her, she started Rikarepa, a family business in which both she and her husband work. In addition, they provide work to two women who are heads of their respective families.
The desire to make progress, provide her daughter with a good education and improve her quality of life are the driving forces which compel Claudia to start work at 3 o'clock in the morning. This is the time that she gets up in order to start her work.
Claudia is currently having a difficult time because one of her ovens became damaged and needs to be fixed so that it can continue working and so that she can continue responding to her customers.
In the future, this entrepreneur hopes to expand her business, buy more ovens, create more jobs and buy a car which will allow her to distribute her arepas to different towns in the south-west of Antioquia.
La tradicional arepa se convirtió en el negocio de Claudia Liliana R. de 37 años, quien con unos ahorros, la ilusión de salir adelante con su esposo y su hija, sus manos y dos hornos que les prestaron le dio vida a Rikarepa, un negocio familiar en el que trabaja ella su esposo y además genera empleo a dos mujeres cabeza de familia.
La ilusión de progrsar, brindarle una buena educación a su hija y mejorar su calidad de vida son el motor que día a día impulsa a Claudia a trabajar desde las 3:00 de la mañana, hora en la que se levanta para empezar las labores propias del negocio.
Actualmente Claudia está atravesando por una dificultad, pues uno de sus hornos se dañó y requiere ser reparado para que siga funcionando y puedan continuar respondiendo a sus clientes.
En el futuro esta emprendedora espera ampliar su negocio, comprar más hornos, generar empleo y comprar un carro que le permita distribuir sus arepas a diferentes municipios del suroesteste de Antioquia.
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.