Bertha is married and has 4 children for whom she has always wanted to provide a high quality of life and access to good education. Previously Bertha sold roast chicken, but due to circumstances against her wishes, she found herself obligated to close her business and leave it for a while. Now, two months after closing the business, she has been presented with the opportunity to re-open and begin selling roast chicken again. She doesn't want to miss out on this opportunity to earn an income which she will use to contribute to paying her household expenses. Therefore, she is asking for a loan so that she can buy supplies and re-open her roast chicken business.
From this loan, Bertha will again be able to earn an income that will provide better economic conditions for her family. Little by little, her family's situation will improve. Furthermore, Bertha hopes that her children will get ahead and continue to overcome the difficulties that life presents.
Bertha se encuentra casada y tiene 4 hijos, a quienes siempre les ha querido ofrecer una buena calidad de vida y el acceso a una buena educación. Anteriormente Bertha se dedicaba a la venta de pollos asados, pero debido a circunstancias adversas a su voluntad se vio en la obligación de cerrar su negocio y dejarlo a un lado; ahora, luego de 2 meses de haber cerrado su negocio, se le ha presentado la oportunidad de reabrir su venta de pollos asados y no quiere desperdiciar esta oportunidad para nuevamente generar ingresos con los cuales pueda contribuir al sostenimiento de los gastos de su hogar y es por esto que busca que un préstamo le brinde la posibilidad de comprar insumos para la venta de pollos asados y así reabrir su negocio.
De esta manera generará nuevamente los ingresos con los cuales su familia pueda tener mejores condiciones económicas y así poco a poco su familia irá progresando. Además, Bertha espera que sus hijos salgan adelante y sigan superando las grandes adversidades que le presenta la vida.
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.