Ligia is a single mother, responsible for providing for her son, who she has always wanted to ensure a good quality of life and for whom she always works hard trying to improve the household income. However, she has faced many adversities that have made her struggle even harder to be able to provide for her family. To generate income, Ligia previously raised chickens, and thanks to the high quality of her products, this provided her with economic stability. However, due to circumstances beyond her control she had to move house a few months ago and she was forced to give up raising chickens as there was not enough room in the new house. With great effort, she has managed to set up a chicken run again in the new house and is therefore requesting a loan to buy 40 chickens and food to fatten them up, so that she can start raising chickens once again.
Her greatest wish is to start generating household income again and be able to get through this difficult period in her life, so that her son can benefit from having access to a high quality education.
Ligia es una madre soltera cabeza de hogar de su hijo a quien siempre le ha querido brindar una buena calidad de vida y por quien siempre trabaja fuertemente en búsqueda de mejores ingresos para el hogar, sin embargo, ha tenido que atravesar por muchas adversidades que le han puesto a esforzarse cada vez más para poder sacar su hogar adelante. Para la generación de sus ingresos Ligia anteriormente tenía un criadero de pollos, el cual gracias a la buena calidad que caracterizaba sus productos lograba darle muy buena estabilidad económica, sin embargo, debido a que hace pocos meses se trasladó de vivienda por circunstancias ajenas a su voluntad, se vio en la obligación de suspender la actividad porque en la nueva vivienda ya no tenía un espacio donde pudiera tener el criadero de pollos. Con mucho esfuerzo ha logrado poner nuevamente su criadero de pollos en un lugar de su vivienda, y por esto busca un préstamo para comprar 40 pollos y cuido de engorde para reiniciar la actividad de la crianza de pollos.
Su mayor anhelo es regresar a generar ingresos para su hogar y poder superar esta difícil etapa de su vida, de modo que su hijo pueda salir adelante teniendo acceso a una educación de buena calidad.
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.