At 31 years of age, Allelis Estelia is an enterprising woman who also make different types of food which she sells to her friends, relatives and other people she knows at several cafeterias in the town of Santa Rosa, to the north of Atioquia. She has a chicken yard, and she also sells chickens in the area.
This entrepreneur dreams of having a micro-business selling sausages, which would allow her to improve her quality of life.
Currently, Allelis Estelia needs a loan to buy several ingredients and utensils for making her food, thereby increasing her production. She will be more efficient in making the food, increasing her income.
A sus 31 años de edad, Allelis Estelia es una mujer emprendedora que además de la elaboración de diferentes comestibles, los cuales vende entre sus amigos, familiares, conocidos y en algunas cafeterías del municipio de Santa Rosa al norte de Antioquia cuenta con un criadero de pollos que también comercializa en la zona.
Esta emprendedora sueña con llegar a tener una microempresa de embutidos que le permita mejorar su calidad de vida.
Actualmente, Allelis Estelia necesita de un préstamo para comprar algunos insumos y utensilios para la elaboración de sus comestibles, así mejorará su producción, será más eficiente en la elaboración de los mismos, incremenetando 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.