Rosalba is a person who has been characterized as being very hard-working and as always wanting to create well-being for other people. For approximately 13 years, she has worked in baking, since she worked as an employee in a bakery. About 3 years ago she decided to become independent and start her own bakery. Rosalba has started her bakery with a lot of effort, and thanks to the good quality of her products, she now has a very good number of customers. Rosalba, with the goal of increasing her sales, is looking to produce other products in her bakery, for which she needs to purchase raw materials. It is because of this that Rosalba is looking for a loan that will allow her to buy raw materials and supplies to make bread and thereby increase the variety of products that she offers in her bakery.
Rosalba hopes that in this way her income will increase considerably, since she will be able to offer her customers different alternatives to consume. Rosalba dreams of creating more employment in her bakery and of being able to improve the quality of life for more people.
Rosalba es una persona que se ha caracterizado por ser muy trabajadora y siempre querer generar un bienestar para las demás personas. Desde hace aproximadamente 13 años se dedica a la actividad de la panadería, pues trabajaba como empleada en una panadería de la cual decidió independizarse para montar, desde hace aproximadamente 3 años su propia panadería. Rosalba ha montado su panadería con mucho esfuerzo, y gracias a la buena calidad de sus productos, actualmente cuenta con un muy buen número de clientes. Rosalba, con el ánimo de aumentar sus ventas, busca producir otros productos en su panadería, para lo que requiere la compra de materias primas. Es por esto que Rosalba busca un préstamo que le brinde la posibilidad de acceder a la compra de materias primas e insumos para la elaboración de panes y así aumentar la variedad de productos que ofrece en su panadería.
Rosalba espera que de esta manera sus ingresos aumenten considerablemente, pues podrá ofrecer a sus clientes diferentes alternativas para consumir. Rosalba sueña con generar más empleo en su panadería y poder mejorarles la calidad de vida a más personas.
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.