As a mother and the head of a household with three children, Judith has been a tireless fighter who has searched for a way to get ahead and generate her own income to improve her quality of life and that of her family.
At the age of 41, Judith sells coffee, sweets and snacks in the traditional Bolivar Park, in the city of Medellin. Even though she faces some difficulties, such as the climate, this entrepreneur is dedicated and persevering.
Judith needs a loan to purchase more thermoses and a greater variety of products to offer to her customers. This will increase her sales and thus her income.
Como madre cabeza de hogar de tres hijos, Judith ha sido una luchadora incansable que se ha rebuscado la manera de salir adelante y generar sus propios ingresos para mejorar su calidad de vida y la de su familia.
A sus 41 años de edad, Judith vende café, dulces y snaks en el tradicional Parque Bolívar de la ciudad de Medellín y aunque se ve enfrentada a algunas dificultades como el clima, esta emprendedora es dedicada y perseverante.
Judith necesita de un préstamo para comprar más termos y comprar mayor variedad de productos para ofrecerle a sus clientes y así incrementar sus ventas y por lo tanto 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.