At 25 years of age Yolanda is an enterprising woman and mother who decided to start her own business as a source of economic support to help her daughter get ahead. Yolanda has a general store in the town of La Unión in Antioquia department. She dreams of having more space and merchandise to accommodate her business since she is fortunate in lacking any competition in the area and consequently sees a great opportunity to make progress.
Yolanda wants to buy a larger stock of supplies for her business and generate more profits by expanding the variety of products and increasing sales so that more customers come to her business and she is able to better position herself. Nevertheless she does not have the sum needed to buy the merchandise and because of this she is requesting a loan today to invest in soft drinks, sweets, snacks, liqueurs and the supplies to prepare fast food. With this merchandise, her business will benefit and her quality of life will markedly improve.
A sus 25 años de edad Yolanda es una mujer y madre emprendedora que decidió montar su propio negocio como una ayuda económica para sacar a su hija adelante. Yolanda tiene una tienda general en el municipio La Unión en el departamento de Antioquia, sueña con tener mas espacio y mercancía donde acomodar el negocio pues tiene la fortuna de no tener competencia en el sector, por lo que ve una gran oportunidad de progreso.
Yolanda quiere comprar un surtido mayor para su negocio, logrando generar más utilidades, ampliando la variedad en el producto y aumentando las ventas, de manera que mas clientes lleguen a su negocio y se pueda posicionar, sin embargo ella no cuenta con el monto necesario para comprar la mercancía, y por esto hoy solicita un crédito para invertir en gaseosas, dulces, snack, licor e insumos para la preparación de comida rápida, con esta mercancía su negocio será beneficiado y su calidad de vida mejorará notablemente.
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.