“Life may become difficult but there will always be a ray of hope to light the moments of darkness.” With this phrase, María, 58, relates her life story. Displaced by violence, she had to abandon her house and her belongings and head into the unknown and start a new life. Despite the adverse circumstances, her faith and her love for her family never died. Aware of her cruel reality, she decided to start anew and overcome. This is how María started to sell candy in the streets in order to provide daily food for her children. As time passed and with her efforts she’s been able to build a business selling candy outside a local school. Today, she’s asking for a loan to buy stock merchandise because the school term is about to start and she wants to increase sales to support her home and provide schooling for her youngest son. Her greatest dream is to have access to a house that will make it possible for her to improve her family’s quality of life.
“La vida puede tornarse difícil pero siempre existirá una luz de esperanza que alumbrará en los momentos de oscuridad”. Con esta frase doña María de 58 años de edad, relata su historia de vida. Desplazada por la violencia tuvo que abandonar su casa y sus pertenencias para dirigirse hacia lo desconocido e iniciar una nueva vida. A pesar de las circunstancias adversas su fe y el amor por su familia nunca murieron. Conciente de su cruel realidad decidió volver a comenzar y sobreponerse, es así como María decidió vender dulces en las calles para ofrecerles a sus hijos el alimento diario, con el transcurrir del tiempo y con su esfuerzo ha logrado construir su negocio dedicado a la venta de dulces a las fueras del colegio de su municipio. Hoy se encuentra solicitando un crédito para la compra de surtido debido a que la temporada escolar comienza y requiere aumentar sus ventas para el sostenimiento de su hogar y la educación de su hijo menor.
Su mayor sueño es poder acceder a una vivienda que le permita mejorar la calidad de vida a 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.