For four years Diana has had a warehouse in which she distributes beer, in the town of San Rafael located to the east of Antioquía. This has presented difficulties in storage because the access road to the town has remained closed for several days because of winter, which has caused product shortages and low sales.
Diana needs to buy shelves that will allow her greater storage of her product, and in that way she will be able to supply her warehouse with greater quantities and not have to suffer from the highway closure.
Diana dreams of having a large, department-wide distribution company and of giving her children and her husband a better quality of life.
La señora Diana tiene una bodega desde hace cuatro años en la cual distribuye cerveza en el municipio de San Rafael localizado al oriente de Antioquia, ha presentado dificultades en el abastecimiento de su bodega puesto que la vía de acceso al municipio ha permanecido cerrada por el invierno varios días lo que le ha generado escasez de producto y bajas ventas. La señora Diana requiere de la compra de una estantería que le facilite un mayor almacenamiento de producto y así poder surtir en mayor cantidad su bodega y no tener que sufrir con el cierre de la carretera. La señora Diana sueña con tener una gran distribuidora a nivel departamental y brindarle a sus hijos y esposo una mejor 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.