Yolanda is 50 years old. She is known in her community as hardworking. Her friends and family describe her as a person with the desire to succeed. After her husband died, she became responsible for the household expenses. She decided to develop her sewing ability. With much sacrifice she bought a sewing machine. She began working as a seamstress. As an alternate activity she decided to raise pigs in order to increase her earnings and pay all her bills. Actually, these two activities have helped her improve the lives of herself and her family.
She is asking for this loan in order to buy a new sewing machine with a greater capacity to produce goods. She will also buy pigs, which will increase the profits of her businesses.
Yolanda tiene 50 años de edad y se ha caracterizado en su municipio por ser una mujer luchadora, sus familiares y amigos la describen como una persona con ganas de salir adelante. Cuentan que después de que su esposo murió, le tocó hacerse responsable por los gastos del hogar así que decidió explotar su gran habilidad por la costura y con mucho sacrificio logró conseguir una máquina de coser con la que inició haciendo arreglos de modistería. Como actividad alterna decidió dedicarse a la cría de porcinos con el propósito de generar mayores ingresos y solventar todos sus egresos. En la actualidad desempeña las dos actividades las cuales le han permitido mejorar su condición de vida y la de su familia.
En la actualidad se encuentra solicitando un crédito con el que espera comprar una nueva máquina para mejorar su capacidad de producción e invertir en la compra de cerdos para aumentar la rentabilidad de sus negocios
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.