Luz Mary is a woman who works hard to get her children ahead and is conscientious about always giving them the best. She suffers from a bone disease, but this hasn't kept her from striving to support her family every day and give them a better quality of life.
Her feet hurt her because of her illness, so she's not able to leave the house very much. This is why she decided to set up a business in her home selling fast food, lunches, and liquor. Her children help her when they get out of school.
Her biggest dream is to give her children a good education and a better quality of life, which is why she's asking for a loan to invest in supplies, to be able to generate more income.
Luz Mary es una mujer esforzada por sacar adelante a sus hijos, esmerada por ofrecerles siempre lo mejor. Padece de una enfermedad en los huesos, pero esto no ha sido motivo para seguir luchando para llevar a casa el sustento diario y darle a su familia una mejor calidad de vida. Debido a su enfermedad ella no puede salir mucho de casa porque le duelen los pies, razón por la cual decidió montar en su hogar un negocio dedicado a la venta de comidas rápidas, mecatos y licor. Sus hijos le ayudan siempre que salen del colegio. Su mayor sueño es brindarle una buena educación a sus hijos y una mejor calidad de vida, razón por la cual se encuentra solicitando un crédito con el fin invertirlo en surtido y poder generar mayores ingresos.
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.