For several years Maria Eugenia has dreamed of having her own business. It is for this reason that she is asking for a loan with which to start this process, as she currently lacks the money necessary to start her small enterprise. Maria Eugenia is an enterprising woman and mother of 2 children for whom she works in the hopes of providing them with a better future and now that her economic situation is so critical, she is looking for a way of making a fixed monthly income that will improve their quality of life.
Maria Eugenia will invest the loan to make alterations to premises to set up her vegetable store, buy merchandise with which to stock the store such as fruit, vegetables, legumes and finally set up the business to position it so that her neighbours and customers start to recognize her.
Desde hace varios años Maria Eugenia ha soñado con tener su propio negocio, es por tal motivo que hoy solicita un crédito con el cual iniciar este proceso, pues actualmente no cuenta con la suma de dinero necesaria para emprender su microempresa, Maria Eugenia es una mujer emprendedora, y madre de 2 hijos por quienes ha trabajado con gran espero para ofrecerles un mejor futuro, y hoy que su situación económica es tan crítica, busca la manera de tener un ingreso mensual fijo que mejore su calidad de vida.
Maria Eugenia invertirá el préstamo para adecuar un lugar donde montar la legumbrería, compra de mercancía para surtir el local como frutas, verduras, legumbres, y finalmente ambientar su negocio para lograr posicionarlo, y que sus vecinos y clientes en general comiencen a reconocerla.
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.