Diana Patricia, 29, is a mother and head of the household. She watches over the well-being of her three children and her parents, for whom she needs to work to be able to give them nourishment and shelter since they do not have the support of anyone else. Diana Patricia has lived her whole life in the country and currently she needs to buy chickens for fattening and feed, with the goal of starting her own business and so be able to fulfill her obligations and support her home.
A sus 29 años, la señora Diana Patricia es madre cabeza de hogar, quien vela por el bienestar de sus 3 hijos y sus padres por quienes tiene la necesidad de trabajar para poder brindarles alimentación y vivienda puesto que no cuenta con el apoyo de nadie más. La señora Diana Patricia ha vivido toda su vida en el campo y actualmente necesita de la compra de pollos de engorde y cuido con el ánimo de iniciar su propio negocio y así poder cumplir con sus obligaciones y sostenimiento de su hogar.
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.