Yaneth is a single mother and head of household for her two children to whom she has always wished to provide a good quality life. So she has a business making and selling footwear with which she can generate the income required by her household. With her business she has been able to get ahead and get her children ahead, offering them a better quality life and quality education. So she has always tried to keep growing her business so her household may be in a better financial situation. Because her products are well-known her customers' orders have been increasing. However, the difficulty has arisen of not having the necessary materials in order to fill her customers' orders. So she is seeking a loan which would allow her to purchase a polishing machine and raw materials for making the footwear ordered by her customers.
Her greatest dream is to keep her business going and that it would allow her to offer her two children a good quality of life and better financial opportunities in order to progress.
Yaneth es una madre soltera cabeza de familia de sus 2 hijos a quienes siempre les ha querido brindar una buena calidad de vida, y para esto tiene un negocio de producción y venta de calzado con el cual puede generar los ingresos que requiere en su hogar. Con su negocio ha logrado salir adelante y sacar adelante a sus hijos, brindándoles una buena calidad de vida y el acceso a una educación de buena calidad, por esto siempre busca que su negocio siga creciendo y así pueda tener mejores oportunidades económicas en su hogar. Gracias a que sus productos son muy reconocidos, los pedidos por parte de sus clientes cada vez vienen aumentando, sin embargo, presenta la dificultad de no contar con el material necesario para responder a los pedidos de sus clientes. Es por esto que busca que un préstamo le permita comprar una máquina pulidora y materias primas para la elaboración de los pedidos que tiene por parte de sus clientes.
Su mayor sueño es seguir con su negocio y que este le permita brindarles a sus 2 hijos una buena calidad de vida y mejores 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.