Blanca Irene is a 62-year-old woman who has had to find ways to educate her children. When she separated from her husband, she became responsible for the household and providing for her family because he did not contribute child support. Searching for an income source, she decided to open a store in her house where she could work every day, and she has thus been able to pay expenses and improve the family's circumstances.
She is applying for a loan to buy a refrigerator because some of her products are spoiling for lack of refrigeration. She will use the remaining money to buy beer for her business. Her dream is to increase her income and achieve financial stability.
Blanca Irene de 62 años de edad, es una mujer a la que le ha tocado rebuscarse la vida para educar a sus dos hijos. Se separó de su esposo por lo cual tuvo que asumir las obligaciones del hogar y sostener su familia debido a que su ex compañero nunca le colaboró con el sostenimiento de sus hijos.
En búsqueda de una fuente de ingresos decidió montar en su vivienda una tienda en la que labora diariamente, con esta actividad ha podido solventar las necesidades y mejorar su calidad de vida. En la actualidad se encuentra solicitando un crédito con el cual comprará una nevera, debido a que algunos de sus productos se están descomponiendo por falta de refrigeración y el dinero restante lo invertirá en la compra de cerveza para su negocio.
Su mayor sueño es poder aumentar sus ingresos para tener una estabilidad económica.
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.