María Isaura is a very hardworking person who is dedicated to her five children that she’s raised despite economic and affective difficulties she’s had to go through these past few years. At the age of 57, María Isaura raises livestock and chickens. She needs to buy six calves and 20 chicks to fatten up which will allow her to increase her income to proviD. her five children with a better quality of life and in future buy more animals and increase her business’ production still more.
La señora Maria Isaura es una persona muy trabajadora y dedicada a sus cinco hijos con quienes ha salido adelante pese a las dificultades económicas y afectivas por las que ha tenido que pasar en los últimos años. A sus 57 años D. edad, la señora Maria Isaura se dedica a la producción agropecuaria D. ganado y pollos. Actualmente ella requiere D. la compra D. 6 terneros y 20 pollos D. engorD., esto le permitirá aumentar sus ingresos y D. esta forma brindarle una mejor calidad D. vida a sus cinco hijos y a futuro comprar más animales y aumentar la productividad D. su negocio.
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.