Ana Maria began a grocery store in order to generate the income that she needed in order to care for her three children. She is a single mother, head of her household, and the father of her children does not help with their care. With the business she has been able to overcome great difficulties, the challenges that life has presented her. However, she continues having great economic difficulties that do not allow her to offer her three children a better quality of life. It is for this reason that Ana Maria is asking for a loan in order to buy snacks, sweets, soft drinks and other products in order to supply her business and increase her sales.
Her dream is to grow her business and increase the variety of products that she sells so that one day she will have a general store with products for the entire family. In addition, she hopes that her children will have better opportunities to progress in the future.
Ana Maria inició una tienda de comestibles con la necesidad de generar los ingresos que requería en su hogar para el sostenimiento de sus 3 hijos, pues es madre soltera cabeza de hogar y el padre de sus hijos no le colabora para el sostenimiento. Con el negocio ha podido superar grandes dificultades que se le han presentado en la vida, sin embargo aún continúa teniendo grandes dificultades económicas que no le permiten ofrecerles a sus 3 hijos una mejor calidad de vida. Es por esto que Ana Maria busca un préstamo para comprar snack, dulces, gaseosas y otros productos para surtir su negocio y mejorar sus ventas.
Su sueño es crecer el negocio y aumentar la variedad de productos para algún día tener una tienda general con productos también de la canasta familiar. Además, aspira a que sus hijos puedan tener mejores oportunidades en la vida 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.