“My children have been my greatest reason to be filled with joy and to motivate me to struggle for a better future.” With this sentence, 41 year old Astrid, who is from the Rionegro municipality in Colombia, tells why she loves what she does. She tells of the satisfaction she gets from seeing her family happy.
Three years ago she made the decision to separate from her husband. In that moment she took on the responsibilities of the household. Becoming father and mother is the most difficult thing she has done in her life. This is because her financial situation did not allow her to devote herself to her family full time.
Motivated by wanting to get her children ahead, this woman took the initiative to prepare food to sell at the different establishments in her area. This way she generates income in order to cover their basic necessities.
Her biggest dream is to establish a restaurant. However, she feels that this will be a medium term project.
She is now requesting a loan to buy basic needs products wholesale. She will do this in order to increase the profitability of her business and to contribute to improving her family’s quality of life.
“Mis hijos han sido mi mayor aliciente para encontrar razones que me hagan vibrar de alegría y me motiven a luchar por un mejor futuro,” con esta frase Astrid de 41 años de edad, radicada en el municipio de Rionegro, Colombia, narra el porqué ama lo que hace y la satisfacción que le genera ver a su familia feliz.
Desde hace tres años tomó la decisión de separarse de su cónyuge y en ese instante asumió las responsabilidades del hogar. Convertirse en padre y madre es el hecho más difícil que ha asumido en su vida, ya que las condiciones económicas no le permiten dedicarse de tiempo completo a su familia. Motivada por sacar a sus hijos adelante esta mujer tomó la iniciativa de preparar alimentos para comercializarlos en los diferentes establecimientos de la su localidad, de esta manera genera ingresos para cubrir sus necesidades básicas.
Su mayor sueño es montar un restaurante, pero considera que este proyecto será a mediano plazo, Por el momento se encuentran solicitando un crédito que destinará en la compra de productos de la canasta familiar al por mayor con el propósito de aumentar la rentabilidad de su negocio y contribuir con el mejoramiento de la calidad de vida de sus 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.