Luz Fany is an enterprising woman that decided to move forward despite the pains of her life. She never had the resources for an education due to the economic situation of her family. Since she was young, she dedicated herself to working in grocery store shops where she acquired the experience and began to save in order to open her own business. She sells deep-fried snacks, liquor, and offers Internet services.
Her greatest wish is to be able to grow her working capital so that Luz Fanny can offer her thirteen-year-old daughter what her circumstances growing up denied her. Today she is happy because her dream is starting to come true.
To achieve her proposed desire, she finds herself in search of a loan that will allow her to acquire merchandise that she will convert into a greater income and an improved quality of life for her and her family.
Luz Fany es una mujer emprendedora que decidió salir adelante, a pesar de los sinsabores de la vida. Nunca contó con los recursos para una educación debido a las condiciones económicas de su familia. Por ello desde joven se dedicó a laborar en tiendas de abarrotes en donde adquirió la experiencia y logró ahorrar para montar su propio negocio en donde vende fritos, licor y presta el servicio de Internet. Su mayor deseo es poder incrementar su capital de trabajo, para ofrecerle a su hija de 13 años lo que las circunstancias le negaron a ella. Hoy está feliz porque su sueño se encuentra en marcha, y para lograr que su propósito se consolide, se encuentra en búsqueda de un crédito que le permita adquirir surtido que se convertirá en mayores ingresos y una mejor calidad de vida para ella y su familia.
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.