Rosa is married and has three children. Because the income her husband generates is not enough to support the household expenses, she decided to start her own business. She did this with the thought of generating income with which she could contribute financially to her household. This way they could have a better quality of life.
She started a food business approximately two years ago, and she also sells her customers basic needs products. Given that her business is located on a main highway, her customers are primarily truck drivers and people who move about the area.
With the idea of offering better service to her customers, Rosa applies for a loan that will allow her to buy tables and chairs. With those items she will be able to provide her customers with better food service.
This will make her business more attractive to her customers, and her sales will increase considerably. This will allow her to generate greater income for her household. This way she will contribute to having a better quality of life and greater opportunities for financial advancement.
Rosa se encuentra casada y tiene 3 hijos, y debido a que los ingresos que genera su esposo no son suficientes para el sostenimiento de los gastos de su hogar, decidió iniciar con su propio negocio con el ánimo de generar ingresos con los cuales pudiera contribuir económicamente en su hogar y así tener una mejor calidad de vida. Desde hace 2 años aproximadamente montó un servicio de comidas donde también ofrece a sus clientes la venta de productos de la canasta familiar; dado que el negocio está ubicado en una autopista principal, sus clientes son principalmente camioneros y viajeros que circulan por la zona. Con el ánimo de ofrecer un mejor servicio a sus clientes, Rosa aspira a que un préstamo le permita comprar mesas y silletería con la cual pueda prestar un mejor servicio de comidas a sus clientes.
De esta manera hará de su negocio más llamativo para los clientes y así sus ventas aumentarán considerablemente, permitiendo generar mayores ingresos para su hogar y así contribuir a tener una mejor calidad de vida y mayores 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.