María Antoia, age 29, is devoted to her children, and she is committed to their care and well-being. She therefore decided to look for a business activity that would allow her so spend most of her time with them, and, at the same time, generate income for her house. This is because she is a mother who is the head of her family.
She wants to sell clothes from her house, but she does not have the capital to start her business. That is why she has turned to a loan, which she will use to buy merchandise.
Her biggest dream is to be able to share each moment possible with her children because they are her fountain of life.
María Antonia de 29 años de edad, es una mujer dedicada a sus hijos, comprometida con su bienestar y cuidado, por ello decidió buscar una actividad que le permitiera pasar la mayor parte del tiempo con ellos y al mismo tiempo generar ingresos para su casa debido a que es madre cabeza de familia. Desea dedicarse a la venta de ropa desde su hogar pero no cuenta con el capital para comenzar con su negocio, por esto a recurrido a un crédito con el que comprará mercancía. Su mayor sueño es poder compartir con sus hijos cada instante que le sea posible porque esta es la fuente de su existencia.
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.