Bertha is the owner of a general store which generates the income required to maintain her home. Thanks to her daily efforts she has been able to grow her business slowly and overcome the difficulties that have arisen. The biggest challenge her store faces is the lack of capital to invest on a wider variety of products to offer to her customers. Thanks to an increase in sales Bertha is seeking a loan to purchase basic food basket items so she can increase the product offering for her customers.
Bertha’s dream is to continue working in this business until her health permits, thus she can provide her family a better quality of life.
Bertha tiene una tienda general con la que genera los ingresos que requiere para el sostenimiento de su hogar, y gracias a su esfuerzo diario ha podido ir poco a poco saliendo adelante con el negocio y superar las grandes dificultades que se le han presentado. La mayor dificultad que presenta en su tienda es la falta de capital para poder ofrecer a sus clientes una mayor variedad de productos, pero gracias a que en los últimos días ha venido mejorando sus ventas, Bertha busca un préstamo para comprar productos de la canasta familiar y así aumentar la variedad de productos que ofrece a sus clientes.
Su sueño es seguir trabajando en este negocio hasta que su salud se lo permita y poder así brindarle a su familia 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.