Sandra, 36, is certain that it's possible to get her family ahead with her discipline. Despite not having been lucky enough to study in the university, with her effort she has managed to build up her own business making "arepas" [corn cakes].
Sandra's a woman full of dreams, and today she's in search of them. The first one is to improve and expand the sales of her product. This is why she's requesting a loan to buy a motorcycle, which will allow her to be efficient in delivering her orders, in increasing the number of units sold, and in having better profitability.
Her biggest desire is to be able to give her 15-year-old child better educational opportunities.
Sandra de 36 años de edad, tiene claro que con su disciplina, es posible sacar adelante a su familia, a pesar de no haber contado con la suerte de realizar estudios universitarios, con su esfuerzo a logrado forjar su propio negocio dedicado a la producción de arepas.
Sandra es una mujer llena de sueños y hoy se encuentra en búsqueda de ellos, el primero es mejorar y expandir la comercialización de su producto, por esta razón se encuentra solicitando un crédito para la compra de una motocicleta, la cual le permitirá generar eficiencia en la entrega de sus pedidos, incrementar el número de unidades vendidas, y obtener una mayor rentabilidad.
Su mayor deseo es poder ofrecerle a su hijo de 15 años de edad, mejores oportunidades educativas.
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.