All you need to get ahead is will power. Motivation, self-discipline and dedication are what 22 year old Ana Lucía never runs out of; she keeps fighting for her future. With the help of her mother, she has managed to set-up a corner shop, selling fax, scanning and photocopying services. The financial situation that her family is facing is her biggest driver. Most important for Ana Lucía is her mother - she will never stop fighting to see her smile. She says that her disability does not stop her but rather it motivates her to do things better. She is currently seeking a loan to buy a photocopier, in order to improve her level of service and to generate a higher income.
Para salir adelante sólo se necesitan ganas. La motivación, la disciplina y la entrega han hecho que Ana Lucía de 22 años de edad no se rinda y luche por su futuro. Con las ayuda de su madre logró montar una miscelánea en la que ofrece servicios de fax, escáner y fotocopias. La situación económica que afronta su familia ha sido el mayor motor para ella, dice que lo más importante para ella es su madre y que mientras exista luchará por verla sonreír, asegura que su discapacidad no es un limitante si no por el contrario una motivación para hacer mejor las cosas. En la actualidad se encuentra solicitando un crédito con el que espera comprar una fotocopiadora, para mejorar la calidad del servicio y 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.