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Nancy is a person who has always been noted for being very hardworking; this has made it possible for her to get ahead despite the great difficulties life has presented her with. Nancy has a great deal of experience preparing food because she worked in various restaurants for many years. However, because the father of her child abandoned them some time ago, she was forced to leave her job in order to earn higher income so that she could earn enough to support her home alone.
This is how she started to sell fried fast-food outside a store that gave her permission to set up there and now a year later she has the opportunity to continue growing in business which is why she’s looking for financing to buy a fast-food cart to offer more products to her customers thus increasing income for her home. Her greatest dream is to raise her son and offer him a good quality of life and better economic opportunities to move forward.
Nancy es una persona que siempre se ha caracterizado por ser muy trabajadora y esto le ha permitido salir adelante a pesar de las grandes adversidades que se le han presentado en la vida. Nancy cuenta con una gran experiencia en la actividad de la preparación de alimentos, pues trabajó durante muchos años en diferentes restaurantes, pero debido a que el padre de su hijo la abandonó hace un tiempo, se vio en la obligación de dejar su empleo para poder generar ingresos mayores que le permitieran tener el sustento necesario para sostener su hogar. Fue así como comenzó vendiendo fritos a las afueras de una tienda que le permitieron ubicarse y ahora un año después tiene la oportunidad de seguir creciendo en su negocio. Es por esto que busca un préstamo para comprar un carro de comidas rápidas para ofrecer más productos a sus clientes y aumentar sus ingresos para su hogar.
Su mayor sueño es poder sacar su hijo adelante brindándole una buena calidad de vida y mayores oportunidades económicas para salir adelante.
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.