Sandra Milena is 28 years old and the mother of two children for whose well-being she works. She sells fast food from her cart: during the week in front of her home and on weekends in the main city park in Sonson.
She wants to have a restaurant later on in order to increase her income and give her children a better quality of life and a brighter future. In the meantime she wants to offer her customers a greater selection of food and start building the object of her dream.
Ella a sus 28 años y con dos hijos trabaja para ellos en un carro de comidas rápidas en semana al frente de su casa y los fines de semana en el parque principal del municipio de Sonson.
Ella quiere tener mas adelante un restaurante para así poder incrementar sus ingresos y brindarles a sus hijos una mejor calidad de vida y un mejor futuro, pero mientras tanto quiere tener mas variedad de comidas para ofrecer a sus clientes y así empezar a construir su sueño.
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.