It’s clear to Alba, 30, that her priority is her family’s well-being and that to attain it any sacrifice is small. Because of this, she decided five years ago to leave the firm she worked for to care for her children who are 15 and 5 years of age. At the same time, she decided to open a small store at home to cover household expenses and guarantee better living conditions for her children. Today, she’s happy with her business and feels that it was the best decision because her work allows her to care for her children.
Her greatest dream is to see her business grow to become a self-service market. She’s currently asking for a loan to buy school supplies to increase her sales level and take advantage of the back-to-school season. She hopes to continue growing as a micro businesswoman and to improve her family’s quality of life.
Alba de 30 años, tiene claro que su prioridad es el bienestar de su familia y que por ella cualquier sacrificio es pequeño. Por esta razón desde hace 5 años decidió retirarse de la empresa en donde laboraba con el propósito de velar por sus dos hijos de 15 y 5 años de edad. Al mismo tiempo optó por montar en su casa una pequeña tienda para solventar los gastos de su hogar y garantizarle a sus hijos mejores condiciones de vida. Hoy se siente feliz en su negocio y considera que ha sido la mejor decisión, ya que su trabajo le permite estar al cuidado de sus hijos.
Su mayor sueño es que ver crecer su negocio y convertirlo en un mercado autoservicio. En la actualidad se encuentra solicitando un crédito para la compra de útiles escolares con el fin de aumentar su nivel de ventas y aprovechar la temporada escolar. Espera seguir creciendo como microempresaria y mejorar la calidad de vida 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.