Alba, 43, is a woman with many dreams to reach. Six years ago together with a partner she opened a bakery that she’s managed to keep open during this time but has not had the desired results due to lack of investment. Motivated by high demand but low supply her business can offer customers, Alba is looking for credit to repay a loan and to buy supplies in order to improve sales since her partner has left the business leaving it entirely to her.
Her greatest dream is to see her micro business grow and reach stability since her and her family’s economic stability depends on this business. She wants to be able to improve her quality of life and not have to suffer any type of want.
Alba de 43 años de edad es una mujer llena de sueños por cumplir. Hace 6 años inicio en compañía de un socio la creación de una panadería, la cual ha logrado sostener en el tiempo, pero no le ha dado el resultado esperado por la falta de inversión. Motivada por la alta demanda y la poca oferta que su negocio puede ofrecer a sus clientes, Alba se encuentra solicitando un crédito para el pago de una obligación y la compra de insumos con el fin de mejorar las ventas, ya que su socio desistió del negocio y lo cedió en su totalidad.
Su mayor sueño es ver crecer su microempresa y que pueda alcanzar el punto de equilibrio, ya que de este negocio depende su estabilidad económica y la de su familia. Desea poder mejorar su calidad de vida y no tener que padecer ningún tipo de necesidad.
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.