Blanca is a person who is well-known as being very hard-working, and who always is striving for her family's well-being. At the age of 59, Blanca is married and the mother of 7 children, who are her motivation for working hard in her business. Previously, Blanca was a mobile vendor, but thanks to a government program she was able to obtain a space in a shopping center. In this shop, Blanca offers coffee and cigarettes, and thanks to this work she generates sufficient income to support her household. Since she has had very good sales, the inventory of products Blanca offers has decreased, and for this reason she hopes that a loan will give her the opportunity to buy cigarettes and coffee to increase the inventory of products she offers to her customers.
Blanca hopes that her sales will continue to increase, so she can offer a good quality of life to her family, in addition to offering a good education to her younger children. Blanca dreams of being able to locate her business in a better shop, since the one where she is now is very small, and in this way she would be more visible to customers.
Blanca es una persona que se ha caracterizado por ser muy trabajadora y siempre buscar un bienestar para su familia. A sus 59 años de edad, Blanca se encuentra casada y es madre de 7 hijos, quienes son su motivación para trabajar fuertemente en su negocio. Blanca anteriormente era una vendedora ambulante, pero gracias a un programa del gobierno pudo acceder a un local en un centro comercial. Blanca en este local ofrece café y cigarrillos, y gracias a esto genera los ingresos suficientes para el sostenimiento de su hogar. Debido a que ha tenido muy buenas ventas, a Blanca se le ha disminuido el inventario de los productos que ofrece, por lo que aspira a que un préstamo le brindará la oportunidad de acceder a la compra de cigarrillos y café para aumentar el inventario de productos que ofrece a sus clientes.
Blanca espera que sus ventas sigan aumentando para ofrecerles una buena calidad de vida a su familia, además de ofrecerles un buen estudio a sus hijos menores. Blanca sueña con poder ubicarse en un mejor local, pues en el que se encuentra ahora es muy pequeño, y poder así ser más visible para los clientes.
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.