Martha is 57 and head of her household. She has been raising chickens and pigs on her property for years, a business that supports her family with its basic everyday needs. Despite starting her business with just a few chickens, she has slowly built it through hard work. Her sales continue to grow, so she needs to increase production to meet the demand. She doesn't have enough money to expand, so she is applying for a loan to buy wholesale concentrate and chickens to fatten. She dreams of having a large business that generates more income and a good life for herself and her family and provides for a better education for her children.
Martha de 57 años de edad, cabeza de familia, dedicada a la cría de pollos y cerdos en su residencia, desde hace varios años. Labor que le permite sostener su núcleo familiar, supliendo sus necesites básicas día a día. Pese a que empezó su negocio con muy pocos pollos su esfuerzo le ha permitido sacar adelante poco a poco su negocio, y gracias a que sus ventas vienen creciendo, necesita aumentar su capacidad de producción para suplir la demanda de sus clientes. Debido a que no cuenta con el dinero suficiente no ha podido expandirse, es por esto que solicita un préstamo para comprar pollos de engorde y concentrado al por mayor.
Ella sueña con tener un gran negocio que le permita generar mejores ingresos para obtener una mejor calidad de vida para ella y su familia, ofreciendo a sus hijos un mejor educación.
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.