Sometimes the hardest times turn into the best opportunities to dream bigger and create the challenges to reach your dream. This is Emilsen's situation. She is 43, head of her household, and life has never shown her its best side. She never imagined that she could own her own business, but today she is trying to realize that dream, which appears ever closer. She is applying for a loan to buy a fast food car with a fryer and grill that she and her sister will use for work. Her great dream is to accomplish this, and when this happens, other dreams will appear and inspire her each day to achieve them.
En ocasiones los momentos difíciles se convierten en grandes oportunidades de soñar más alto y de proponerse retos y alcanzarlos. Este es el caso de Emilsen una mujer cabeza de familia de 43 años de edad, a quien la vida no le ha mostrado su mejor cara, nunca se imaginó que pudiese tener negocio propio y hoy anda en búsqueda de este sueño que cada vez hace más cercano, para alcanzarlo ella solicita un crédito para la compra de un carro de comidas rápidas con freidora y plancha, el cual trabajará con su hermana.
Su mayor sueño está por cumplirse y cuando esto suceda llegarán otros que la harán vibrar día a día para alcanzarlos.
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.