Diana, 35, is separated and is the mother of minor twins. She's faced a difficult situation in her life, as her husband abandoned her and the twins and has refused to help her financially with the expenses. Given the conditions in her home and her lack of education, Diana had no alternative but to develop a business selling pigs so that she could generate income and cover the household expenses. This activity has enabled her to provide for her family and give them a better outlook.
Diana's main wish is to be able to have more income, so that she could provide her children with an education and a decent life. She wants to become a great small-businesswoman, and to do this she needs to expand her production capacity. To achieve this goal, she is requesting a loan to invest in concentrated animal feed so that she can fatten her pigs more rapidly. This way she could generate more income, which she will use to buy Christmas gifts for her children and more pigs.
Diana de 35 años, es separada y madre de mellizos menores de edad, Su vida se ha visto marcada por la difícil situación que le ha tocado afrontar con sus hijos después de que su esposo la abandonara y se rehusara a ayudarle económicamente con los gastos. Dada las condiciones de su hogar y la falta de educación, Diana no tuvo más alternativa de dedicarse a la cría de cerdos para generar ingresos y solventar las necesidades de su casa. Esta actividad le ha permitido sacar adelante su familia y ofrecerles un mejor panorama. Su mayor anhelo es poder tener mejores ingresos que le permita ofrecerles educación y una vida digna a sus hijos. Desea poderse convertir en una gran microempresaria por lo cual requiere incrementar su capacidad de producción. Para lograr esta meta se encuentra solicitando un crédito que invertirá en la compra de concentrado para engordar más rápido sus cerdos y poder generar mayores ingresos que invertirá en la compra de los aguinaldos navideños para sus hijos y de nuevos cerdos.
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.