Blanca is an enterprising woman, who following her separation took on the task of working for herself in order to move ahead in life. Since then, she has worked selling fast food from her home, which so far has allowed her to cover her household expenses.
Currently, Blanca needs a loan to buy several supplies, such as sauces, cold meats, and several disposable plates and cups for selling her products. In this way she will be able to offer more variety and improve her quality of life.
Blanca es una mujer emprendedora que tras su separación se dio a la tarea de trabajar como independiente para salir adelante, desde entonces se ha dedicado a la venta de comidas rápidas fuera de su casa, lo que hasta ahora le ha permitido cubrir los gastos del hogar.
Actualmente Blanca necesita de un préstamo para comprar algunos insumos como salsas, carnes frías y algunos platos y vasos desechables para vender sus productos, así podrá ofrecer mayor variedad y mejorar su calidad de vida.
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.