Rocio works as a domestic in a farmhouse. In her free time she grows ornamental plants to sell. In the place where she works, they give her space to grow and maintain in good condition the plants that she is going to sell.
This business is a source of income for her, since in this way she can improve her quality of life and also be more independent. In the future she wants to have her own nursery, but in the meantime she needs supplies to maintain the plants that she currently has.
Doña Rocio trabaja como empleada doméstica de una casa finca, ella en su tiempo libre siembra plantas ornamentales para venderlas, allí donde labora le dan el espacio para poder plantar y mantener en buen estado las plantar que están para la venta.
Este negocio es una fuente de ingreso para ella ya que así puede mejorar su calidad de vida y además puede ser mas independiente, ella quiere mas adelante tener su vivero, pero mientras tanto necesita los insumos necesarios para mantener las plantas que hoy día ella misma planta.
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.