At the age of 47, Yolanda is a fighter. She accomplishes everything she sets her mind to, and she has more than enough drive and reasons to strive and get ahead. Her family is her biggest motivation and the cornerstone of her existence.
Two years ago she decided to get started with her business idea. That's why she set up a small food stall located next to a construction site. There she makes breakfast and lunch, and sells snacks and refreshments to the construction workers and engineers.
Thanks to this business this woman provides food, housing and education for her three children. She dreams of being able to expand her business and turn it into a microenterprise. For that purpose she's currently requesting a loan which she'll use to purchase raw materials and supplies in order to prepare food.
She hopes that her profits will increase with this loan, so that she can ensure better living conditions for her children.
Yolanda a sus 47 años de edad, es una guerrera, todo lo que se propone lo logra, le sobran ganas y razones para luchar y salir adelante. Su familia es su mayor motivación y el pilar de su existencia.
Desde hace dos años decidió iniciar su proyecto de negocio, por lo cual montó un pequeño quiosco ubicado al lado de una construcción en el cual elabora desayunos, almuerzos y comercializa mecatos y refrescos a los obreros e ingenieros de la obra.
Gracias a esta actividad esta mujer les brinda alimento, vivienda y educación a sus tres hijos. Sueña con poder expandir su negocio y convertirlo en una microempresa, para ello, se encuentra solicitando un crédito que invertirá en la compra de materia prima e insumos para la preparación de alimentos. Espera que con esta inversión sus ingresos aumenten para garantizarles a sus hijos una mejor calidad de vida.
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.