Maria began working selling fruit with a friend and after a while her friend had to leave the business. Thus María looked after the business completely. In this way she can contribute financially to her household so that her husband and their nine children can access a better quality of life and better financial opportunities in order to progress. In her business she has had very good customers and this has allowed her family to be able to have a better quality of life each time. But now, the problem she has with her business is the strong winter that has made her close her business, and her sales have dropped considerably. And even though she has tried to put up a bigger roof, she's not managed to slow down winter at her business since she's put up roofs made of fabric, boxes, and other items, and to be able to put up a suitable roof she doesn't have the adequate capital. For this reason María is looking for a loan in order to put up a good quality roof over her business and thus avoid having winter wreck her business.
Her greatest dream is to continue increasing her fruit sales so that her family has the opportunity to have a better quality of life.
Maria comenzó trabajando la venta de frutas junto a una amiga y luego de un tiempo la amigo tuvo que dejar el negocio y así María se encargó del negocio por completo, de esta manera puede contribuir económicamente en su hogar para que su esposo y sus 9 hijos puedan acceder a una mejor calidad de vida y mejores oportunidades económicas para progresar. En su negocio ha tenido muy buenos clientes y esto le ha permitido que su familia cada vez pueda tener una mejor calidad de vida, pero ahora el problema que tiene en el negocio es el fuerte invierno que hace que cierre el negocio y sus ventas disminuyan considerablemente. Y aunque ha intentado colocar un techo más grande no ha logrado frenar el invierno en su negocio ya que coloca son techos de tela, cajas u otros, y para poder poner el techo adecuado no cuenta con el capital adecuado, es por esto que Maria busca un préstamo para ponerle un techo de buena calidad a su negocio y así evitar que el invierno arruine su negocio.
Su mayor sueño es seguir creciendo con su venta de frutas y así su familia tenga la oportunidad de tener una mejor calidad de vida.
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.