At the young age of 22, María Natalí breeds and sells pigs at her family farm. A year ago, her brother gave her the opportunity to use an empty space, which she adapted to the construction of a pigpen. The young María Natalí is the mother of three children, aged 7, 5 and 4, who require much care and bring about high living expenses. This is why she needs to expand her pigpen and buy several pigs, hoping to increase her sales and thus provide her children with a better future.
A sus 22 años de edad, la joven Maria Natali se dedica a la cría y venta de cerdos en una finca familiar desde hace un año, gracias a la oportunidad que le dio un hermano para que utilizara un espacio disponible para que lo adecuara y construyera la vivienda para los cerdos. La joven Maria Natali es madre de 3 hijos de 7,5 y 4 años de edad, quienes requieren de muchos cuidados y gastos de sostenimiento, por lo cual necesita ampliar la vivienda de los cerdos (cochera) y comprar varios cerdos, con la esperanza de mejorar sus ventas y así poder brindarle un mejor futuro a sus hijos.
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.