Rubiela has run a business for 15 years. It is a general store with which she generates income to support her home. She lives there with her husband and two children, 13 and 19 years old.
With the income this business generates, her family can have a better quality of life and have been able to overcome their substantial financial problems. For this reason, she is always working to make her business grow.
The problem she has is that this kind of business is highly competitive in the sector, and because of this, she does not have much money to offer more products to her customers. For this reason, she is trying to overcome this obstacle.
Rubiela is requesting a loan to purchase household staples and supply her business with items that have been selling out in the store.
Her dream is to continue strengthening her business so she can continue being a source of income for her family, thereby helping her family enjoy a high quality of life.
Rubiela tiene desde hace unos 15 años una tienda general con la que genera ingresos para apoyar económicamente en su hogar donde vive con su esposo y sus 2 hijos de 13 y 19 años de edad. Con los ingresos que le deja este negocio, su familia puede tener una mejor calidad de vida y ha podido superar grandes dificultades económicas que tenía la familia, por esto siempre lo trabaja muy disciplinadamente en busca de seguir haciéndolo crecer. La gran dificultad que tiene en su negocio es la alta competencia que hay en el sector, y sumado a esto no cuenta con mucho capital para poder ofrecer cada vez más productos a sus clientes. Es por esto que para ir superando esta dificultad, Rubiela busca un préstamo para comprar productos de la canasta familiar y surtir su negocio con productos que se han ido agotando en la tienda.
Su sueño es continuar fortaleciendo su negocio para que siga siendo una fuente de ingresos para que su familia pueda gozar de una buena 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.