Beatriz Elena is 32 years old. She firmly believes that efforts and discipline can help her make her dreams become reality. She opens her shop at seven every morning and starts her working day. She tells us of the great sacrifices necessary to set up her business and thanks God for the blessings of each day, since thanks to her business her eleven year-old daughter can go to school and enjoy her childhood. Beatriz has an ambitious business vision, and her greatest wish is to position her shop on the market to increase her sales. To that end, she is asking for a loan to buy more merchandise to sell (alcohol, fizzy drinks, snacks) in order to increase her income.
Beatriz Elena de 32 años de edad, es una mujer que tiene claro que con esfuerzo y disciplina se pueden alcanzar los sueños. Diariamente abre su negocio a las siete de la mañana y comienza su faena. Manifiesta que su negocio lo ha construido con mucho sacrificio y agradece a Dios las bendiciones que diariamente recibe, pues gracias a su trabajo su hija de 11 años, puede asistir a la escuela y disfrutar de su niñez.
Beatriz es una mujer con una gran visión de empresaria, su mayor deseo es poder posicionar su negocio e incrementas las ventas. Para lograrlo se encuentra solicitando un crédito que invertirá en la compra de mercancía-licor, gaseosa-mecatos- con el propósito de amentar sus 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.