At the age of 39, Mariela is the mother of five children who are 23, 17, 15 and 9 years old and a 14-month-old baby. With the aim of providing her children with a good quality of life, Mariela buys chicks to sell that she raises in a small space she set aside in her yard to do so. She learned this activity from her mother who taught her everything needed to develop in this activity. Aiming to improve sales and income, Mariela needs to buy chicks to stay in business and reach her dream of expanding it and provide better wellbeing for her family.
A sus 39 años de edad, la señora Mariela es madre de 5 hijos de 23, 17, 15, 9 años y un bebe de 14 meses de nacido, con el ánimo de brindar a sus hijos una buena calidad de vida, día a día la señora Mariela se dedica a la compra, engorde y venta de pollos en un pequeño lugar adecuado en el patio de su casa. Esta actividad la aprendió de su madre quien le brindo todo el conocimiento necesario para desempeñarse en esta labor. Con el ánimo de mejorar sus ventas e ingresos, la señora Mariela necesita de la compra de pollos con los cuales pueda seguir con su negocio y cumplir su sueño de ampliar su negocio y brindar un mejor bienestar a su familia.
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.