Diana Yaneth is a 41-year-old woman who works hard to provide a better life for her three children. Her dream is to be able to offer them a good education, since she considers this to be the greatest treasure she can give them. She is a homemaker, but given her economic situation, she used her savings to start a restaurant and make income to support her household and improve her family's quality of life.
She is seeking a loan in order to buy ingredients for the preparation of food, pastries and beverages, so that she can improve the offerings on her menus. She dreams of being able to expand her business and generate more income so that she can offer her children the opportunity to attend college.
Diana Yaneth de 41 años, es una mujer que se esmera por sacar adelante a sus tres hijos menores de edad, su mayor sueño es poderles ofrecer una buena educación porque considera que es el mayor tesoro que puede entregarles. Es ama de casa pero debido a la situación económica utilizó sus ahorros para montar un restaurante y generar ingresos para el sostenimiento del hogar y mejorar la calidad de vida de su familia. Se encuentra solicitando un crédito el cual invertirá en la compra de insumos para la preparación de alimentos, mecatos y refrescos, con el propósito de mejorar su oferta de menús. Su mayor sueño es poder consolidar su empresa para generar mayores ingresos y ofrecerle a su hijo la oportunidad de ingresar a la universidad.
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.