Margarita is a person who is known for being very hard-working and always wanting to provide for the well-being of her family. Margarita is married and is the mother of four children, who are the motivation for her to strive every day in her work. Margarita, like her husband, works as an employee at a farm near her house, and thanks to this she contributes to the income of her household. In the past, Margarita had a vegetable plot at her house, with which she generated extra income for her household. Due to adverse circumstances, she was forced to give up her cultivation and work at her job as an employee at the farm. With the spirit to re-establish her vegetable cultivation, Margarita hopes that a loan will offer her the possibility of purchasing seeds, compost, irrigation, and fertilizers, so that she can re-establish the cultivation of vegetables at her house.
Margarita hopes that in this way she can return to generating extra income and thus offer her family a better quality of life. In addition, Margarita hopes to be able to offer her children access to a university education and provide them with economic stability. Margarita dreams that her crops will grow and she will be able to find many good customers, so that in the future she can have some more reliable income.
Margarita es una persona que se ha caracterizado por ser muy trabajadora y siempre querer ofrecerle un bienestar a su familia. Margarita se encuentra casada y es madre de 4 hijos, quienes son la motivación para esforzarse en su trabajo diariamente. Margarita, al igual que su esposo, trabaja como empleada en una finca cercana a su casa, y gracias a esto contribuye con la generación de ingresos para su hogar. Anteriormente, Margarita tenía en una parte de su casa un cultivo de legumbres con lo que generaba ingresos extras para su hogar. Debido a circunstancias adversas se vio en la obligación de dejar a un lado su cultivo y dedicarse a su trabajo como empleada en la finca. Con el ánimo de reiniciar su cultivo de legumbres, Margarita aspira a que un préstamo le brinde la posibilidad de acceder a la compra de semillas, abono, riegos y fertilizantes, de modo que pueda reiniciar el cultivo de legumbres en su casa.
Margarita espera que de esta manera pueda volver a generar ingresos extras y así ofrecerle a su familia una mejor calidad de vida. Además, Margarita espera poder ofrecerles a sus hijos el acceso a una educación universitaria y brindarles una estabilidad económica. Margarita sueña con que su cultivo crezca y pueda conseguir muy buenos clientes, de modo que en un futuro pueda tener unos ingresos más seguros.
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.