Sonia is married and has four children. Some time ago, she and her husband decided to open a fast food business where they offer their customers a great variety of products.
The business allows her to generate the income her household needs, so that she can offer her four children a good quality of life. Thanks to the fact that her sales have been increasing, Sonia is now seeking a loan that will allow her to purchase ingredients to prepare the fast food, so that she can satisfy her customers' demand.
This way, she will be able to keep her business moving forward, so that she can continue offering her customers good service and high-quality meals. Also, the business' income will allow her family to continue to have the financial means to cover their expenses and advance financially.
Sonia se encuentra casada y tiene 4 hijos, y junto con su esposo decidieron abrir hace un tiempo un negocio de comidas rápidas, en el cual ofrecen a sus clientes una gran variedad de productos. Con este negocio, puede generar los ingresos que se requieren en su hogar, de modo que puede ofrecer a sus 4 hijos una buena calidad de vida. Gracias a que sus ventas han venido aumentando, Sonia ahora busca que un préstamo le permita comprar insumos para la preparación de las comidas rápidas y así poder satisfacer la demanda de sus clientes.
De esta manera podrá seguir sacando su negocio adelante y así seguir ofreciendo a sus clientes una buena atención y buena calidad en sus comidas. Además, con los ingresos provenientes del negocio su familia seguirá teniendo oportunidades económicas para sostener sus gastos y progresar económicamente.
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.