Blanca is a single mother, the head of her household, and has two children. She has had to overcome great difficulties throughout her life, and her desire to get ahead has allowed her to move forward and provide her children with a better quality of life. A long time ago Blanca and her husband began to sell candies and snacks. This business gradually grew and, over time, they started to sell a large variety of staple goods to their customers. When her husband passed away Blanca was left in charge of the business. To this day, the business has given her the income she needs to meet her household expenses.
She plans to use her loan to buy staple goods to supply her business, offering a wider variety of products for her customers. In doing so her business will continue to prosper, and she can realize her dream of helping her children to get ahead and give them financial opportunities to prosper.
Blanca es una madre soltera cabeza de familia de sus 2 y que ha tenido que superar grandes adversidades en su vida, para lo cual sus ganas de salir adelante le han permitido seguir progresando y brindándoles una buena calidad de vida sus hijos. Hace un largo tiempo Blanca inició con su esposo una venta de dulces y snack, negocio que poco a poco fue creciendo y que luego se comenzó a vender a los clientes gran variedad de productos de la canasta familiar. Posteriormente su esposo murió y Blanca quedó a cargo del negocio, negocio que hasta hoy le ha venido generando los ingresos necesarios para el sostenimiento de los gastos de su hogar. Blanca busca que un préstamo le permita comprar productos de la canasta familiar con los cuales pueda surtir su negocio y así ofrecer una mayor variedad de productos a sus clientes.
De esta manera su negocio seguirá saliendo adelante y poco a poco irá cumpliendo su sueño de sacar sus 2 hijos adelante y brindarles buenas oportunidades económicas para progresar.
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.