Blanca is 46 years old, and full of fighting spirit, which helps her face the trials of life. She has seven children, who are her greatest joy and her source of energy. She wakes up early every day to start household tasks and to take care of her children. Her greatest dream is to buy a house of her own, in order to reduce her fixed costs and to be able to invest in her children's education. She was lucky to procure a fast food cart, and now sells fried food and meals on the go outside her house from Thursday to Sunday. She asks for a loan in order to buy the ingredients needed to increase her sales and have a greater income with which to support her family.
Blanca de 46 años de edad, se ha caracterizado por ser una mujer guerrera y hacerle frente a la vida. Con siete hijos que son su mayor felicidad y la fuente que la llena de energía; cada día se levanta muy temprano a comenzar su faena como ama de casa y madre.
Su mayor sueño es poder adquirir una vivienda propia con el fin de diminuir sus gastos fijos y poder invertir en la educación de sus hijos. Gracias a la oportunidad que le dio la vida de conseguir un carro de comidas rápidas; Blanca de jueves a domingo se dedica a la venta de fritos y comidas rápidas afuera de su casa. Hoy se encuentra solicitando un crédito para la compra de insumos que le permitirán aumentar sus ventas y generar mejores ingresos para el bienestar de su familia.
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.