Luz Mery is a woman who has pushed herself to get ahead and to give her children a better quality of life. 22 years ago she opened a fruit and vegetable stand in the park of the municipality of Cañas Gordas, Colombia and subsequently she had the opportunity to establish it in the market plaza where she works Monday to Sunday from 8 in the morning to 6 in the afternoon. Her biggest dream is to be able to expand the selling capacity of her business which is why she is requesting a loan for the purchase of fruits and vegetables. Her biggest challenge has been to be able to maintain her business during the season due to the fact that a lot of competition exists, which is why at times she has had to sell her products for less so that they don't spoil. Luz Mery hopes to be able to have the opportunity to be able to employ another person so that she may be able to rest one day of the week, but for that she will need to increase her level of sales.
Luz Mery, es una mujer que se ha esforzado por salir adelante y brindarle a sus hijos una mejor calidad de vida, desde hace 22 años, montó su legumbrería en el parque del municipio de Cañas Gordas, Colombia, y posteriormente tuvo la oportunidad de radicarlo en la plaza de mercado en donde labora de lunes a domingo de 8 a 6 de la tarde. Su mayor sueño es poder ampliar la capacidad de venta de su negocio por lo cual se encuentra solicitando un crédito para la compra de frutas y verduras.
Su gran reto ha sido poder mantener su negocio en el tiempo debido a que existe mucha competencia, por lo cual en ocasiones le toca vender sus productos más baratos con el fin de que no se dañen.
Luz Mery espera poder tener la oportunidad de generar empleo a otra persona con el fin de descansar un día a la semana, pero para ello necesita incrementar su nivel de ventas.
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.