María has been selling food and beverages for 8 years outside the city airport where her main customers are transport providers located there. She’s been able to contribute economically to her home where she lives with her husband and two children by means of this business. In this way, her family has been able to have better quality of life.
The great difficulty she’s always had in her business is the little capital she’s had to continue growing and offering more products to her customers each time. But now that she has the opportunity, María is looking for financing to buy a new food cart to transport the food and to buy ingredients to prepare the food. Her dream is to be able to have a great business and to generate employment for people in greater need she knows.
Maria tiene desde hace 8 años el negocio de servicio de comidas y bebidas ubicado a las afueras del aeropuerto de la ciudad, donde sus principales clientes son los transportadores que se ubican allí. Con este negocio ha podido aportar económicamente en su hogar, donde convive con su esposo y sus 2 hijos, y de esta manera su familia ha podido tener una mejor calidad de vida. La gran dificultad que siempre ha tenido en su negocio es el poco capital para seguir creciendo y cada vez ofrecer más productos a sus clientes, pero ahora que tiene la oportunidad, Maria busca un préstamo para comprar un nuevo carrito para transportar las comidas y comprar insumos para la preparación de más comidas.
Su sueño es poder tener un gran negocio y generar empleo para las personas más necesitadas que conoce.
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.