26-year-old Katerine is well known in her town as a hard-working woman who has a great desire to get ahead. She has faced situations in life which have taught her to value life and love her work.
For three years now, Katerine has been making fudge which she sells door to door in her town. Thanks to this business she manages to support her mother, who is in poor health, and her 2-year-old son.
Katerine's main difficulty has been taking care of her household responsibilities as her income isn't enough to cover their basic needs. However, she thanks God because she has a beautiful family who support her and give her the strength to keep moving forward.
Katerine is currently requesting a loan to buy three display cases and supplies so that she can increase her production of fudge and improve her family's financial situation.
Katerine's biggest dream is to get together enough money to buy a house so that she can improve her family's quality of life.
Katerine de 26 años, es reconocida en su municipio por ser una mujer esforzada, y llena de ganas por salir adelante. En su vida le ha tocado afrontar situaciones que le han permitido valorar la vida y amar su trabajo.
Desde hace tres años se dedica a la elaboración de panelitas, las cuales vende puerta a puerta en su municipio. Gracias a esta actividad, logra sostener a su madre quien se encuentra en delicado estado de salud y a su hijo de dos años de edad.
Su mayor dificultad, ha sido hacerse cargo de todas las responsabilidades del hogar, ya que sus ingresos, no son suficientes para cubrir las necesidades básicas. Sin embargo agradece a Dios, por que cuenta con una bella familia que la apoya y le brinda la fortaleza para seguir adelante.
En la actualidad se encuentra solicitando un crédito que destinará para la compra de tres vitrinas e insumos para incrementar la producción y mejorar la condición económica de de su casa.
Su mayor sueño es poder reunir el dinero suficiente para comprar una vivienda que le permita mejorar la calidad de vida de su hogar.
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.