María Nazaret is an enterprising woman who some time ago had the dream of creating a corral for pigs where she could raise and fatten them. She and her husband are hardworking people, but wish in their free time to nurture their own business before all else. They have three children and want in the future to generate the necessary income to get them ahead and give them the opportunity to go to school. They also have a dream that this project would turn into a family business to be handed down from generation to generation.
Their business is just starting up and thus they need capital to set up the pens, buy the pigs and the necessary feed in order to have a prosperous future. Although they know their worst enemy is the winter, María wants to build a solid place that will provide security not only for her family but for her animals, and so improve their quality of life in its measure.
María Nazaret es una mujer emprendedora que hace algún tiempo soñó con crear un corral de cerdos para cuidarlos y engordarlos, ella y su esposo son personas trabajadoras, pero quieren en su tiempo libre cuidar de su propio negocio en primera instancia, ellos tienen 3 hijos y quieren en un futuro generar los ingresos necesarios para sacarlos adelante y darles la oportunidad de estudiar, igualmente sueñan con que este proyecto se convierta en un negocio familiar que pase de generación en generación.
Su negocio apenas comienza, por lo cual necesitan capital para montar los corrales, comprar los cerdos y la alimentación necesaria para tener un próspero futuro, aunque saben que su peor enemigo es el invierno María quiere construir un lugar sólido que proteja no sólo la seguridad de su familia si no también la de sus animales, y así mejorar proporcionalmente su calidad de 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.