María Dolores is 47 years old and has become known in her town for being a determined woman. With care and effort, she has managed to help her three children move forward. María has had to face big challenges and they have taught her how to be mature in life.
She says her children are her biggest priority in life and everything she has fought for has been to give her children a better life.
María has bravely opened up a shop in her home where she sells staple foods in order to generate more necessary income to sustain her household, where she is a single mother.
Her biggest dream is to buy a home to improve her living conditions and so she relies on her business and wants to invest in buying more stock and a fridge so as to improve the quality of service and generate more sales. This will allow her to save enough money to put a down payment on her house. María does not have her own money to invest in her business so she is applying for this loan so she can start to make her dream a reality.
María Dolores de 47 años de edad, se ha caracterizado en su municipio por ser una mujer luchadora. Con esmero y esfuerzo ha logrado sacar a sus tres hijos adelante. En su caminar ha tenido que afrontar grandes retos que le han enseñado a ver y a vivir la vida con madurez.
Asegura que sus hijos son su prioridad y todas sus luchas han sido para ofrecerles un mejor bienestar.
Con su valentía logró colocar en su vivienda una tienda en donde comercializa productos de la canasta familiar, a fin de generar los ingresos necesarios para el sostenimiento del hogar debido a que es madre soltera.
Su mayor sueño es poder adquirir una vivienda para mejorar sus condiciones de vida, por lo cual le apuesta a su negocio y desea realizar una inversión en surtido y la compra de una nevera para mejorar su calidad en el servicio y generar un mayor número de ventas que le permitan ahorrar el dinero suficiente para dar la cuota inicial de su casa. María no cuenta con el dinero para realizar dicha inversión, por lo cual se encuentra solicitando un crédito para comenzar a materializar su sueño.
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.