Aracely is an enterprising woman. Since she was little she was brought up in the countryside. She raises pigs as a family business and that’s how she’s been able to raise her two children.
She dreams with having a larger, better known pig farm because that way each time the number of her customers will be larger and income will increase notably. She currently hopes to buy a pig to have ready for the end of year season which is when sales increase but she lacks the needed capital to buy it so is asking for a loan because sales rise in December and she wants to be ready to earn more profits during that season. Aracely works with much dedication to improve her quality of life and that of her family and makes sure to continue to do so to attain economic stability.
Aracely es una mujer emprendedora que desde pequeña fue criada en el campo, se dedica a la cría y engorde de cerdos como negocio familiar y así ha podido sacar a sus 2 hijos adelante.
Sueña con tener un criadero de cerdos más grande y mas reconocido en el sector, pues así cada vez serían más los clientes y sus ingresos se incrementarían notablemente. Actualmente espera poder comprar un cerdo para la temporada de fin de año que es cuando las ventas aumenta, pero no cuenta con el capital necesario para comprarlo por lo que solicita un préstamo, puesto que las ventas se incrementan en diciembre y ella debe estar preparada para generar mas utilidades en esa época. Aracely trabaja con gran esmero para mejorar su calidad de vida y la de su familia, y asegura seguirlo haciendo para lograr una estabilidad económica.
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.