By taking advantage of her home in Concordia, in the southeast of Antioquia, Adriana decided to create her own business; a store where she sells groceries, snacks, and candy. She wanted to help her husband pay the household expenses and offer a better quality of life to her children.
Her dream is to convert her business into a well-known store around town, so that she can provider her children with a good education.
She currently needs a loan to buy a cooler and some different products to be able to offer a greater variety.
Aprovechando la ubicación de su vivienda en el municipio de Concordia al suroeste de Antioquia y con el propósito de ayudarle a su esposo a cubrir los gastos del hogar para ofrecerle una mejora calidad de vida a sus dos hijos, Adriana decidió crear su propio negocio, una tienda en la que además de ofrecer algunos productos de la canasta familiar vende gaseosas snaks y dulces.
Su sueño es ampliar su negocio hasta convertirlo en un local reconocido en el municipio para ofrecerle una buena educación a sus hijos.
Actualmente esta emprendedora necesita de un préstamo para comprar un enfriador y algunos productos diferentes para ofrecer mayor variedad.
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.