Blanca is 55 years old. She has endured inclement weather. On December 5, 2012, there was a strong avalanche that affected her greatly. She lost a large part of her belongings and her home was damaged. However, Blanca has not stopped making an effort. She is convinced that she will eventually recover her lost possessions. The important thing for her is family. She has six children who are all in good health.
With the hope of improving her financial situation, Blanca is requesting a loan to purchase fruit, which she uses to make her products. Her hope is that her family has the best opportunities in the working world. This makes her feel that her efforts to provide her children with a good education are worthwhile.
Blanca de 55 años de edad, le ha tocado padecer las inclemencias del clima, el 05 de diciembre del año 2012, tras una fuerte avalancha resultó gravemente afectada, perdiendo gran parte de sus enceres y causando daños materiales a su vivienda. Doña Blanca no ha dejado de luchar. Está convencida que las pérdidas materiales se recuperarán en algún momento, lo importante para ella es que su familia; compuesta por sus seis hijos se encuentran en buenas condiciones de salud.
Con la esperanza de mejorar su situación económica Blanca se encuentra solicitando un crédito para la compra de frutas, las cuales emplea en la elaboración de sus productos.
Su mayor anhelo es que su familia tenga mejores oportunidades en el mundo laboral, por ello siente que sus esfuerzos para ofrecerles a sus hijos una buena educación valen la pena.
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.