Rocio is a person who has had the strength to get ahead despite the adversities that life has presented her. As a mother of two and head of the household due to her separation some time ago, Rocio must guarantee her household income so that she can help her two children get ahead and provide them access to a quality education. She has a fruit crop where she has been working for 12 years. Thanks to the experience she has gained, she’s managed to gain a large number of motivated clients, mainly because of the quality of products that she offers. Since she has a large number of requests from her customers, Rocio is requesting a loan to buy supplies such as fertilizer, irrigation, insecticides, and other things to help advance her harvest.
In this way she can continue to generate the income that her household needs in order to have a good quality of life and continue to be financially stable so that she can get ahead. Her greatest dream is to have a great business that will allow her to get ahead and provide stability for her two children.
Rocio es una persona que ha tenido una gran fortaleza para salir adelante ha pesar de las adversidades que se le han presentado en la vida. Madre cabeza de familia de 2 hijos, debido a que se separó de su esposo desde hace un tiempo, Rocio debe garantizar los ingresos para su hogar para poder sacar sus 2 hijos adelante y brindarles el acceso a una educación de buena calidad. Tiene un cultivo de frutas en el cual trabaja hace aproximadamente 12 años, y gracias a toda la experiencia que ha adquirido ha logrado captar una gran cantidad de clientes motivados principalmente por la calidad de los productos que allí ofrece. Debido a que tiene grandes pedidos por parte de sus clientes, Rocio busca un préstamo para comprar insumos como abono, riegos, insecticidas y demás para sacar adelante su cosecha.
De esta manera seguirá generando los ingresos que requiere en su hogar para tener una buena calidad de vida y seguir teniendo en su hogar una estabilidad económica que les permita progresar. Su mayor sueño es llegar a tener un gran negocio que les permita salir adelante y en un futuro brindar estabilidad a sus 2 hijos.
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.