Deisy is an example of what it is possible to achieve with determination and effort. She is only 19 years old, and she has managed to start moving in the world of business.
Thanks to her parents’ collaboration, this young woman sublet a place from her uncle. She started making baked goods. She learned this business activity as a family tradition. Six months ago she opened her business to the public. Thanks to the good reception, she has gained a great number of loyal customers in her area.
Deisy is requesting a loan in order to improve the quality of her service. She will buy an oven and a display case. She will do this so that her products stay fresh longer. With this investment she hopes that her business will continue growing. She also hopes to be able to save the money needed to attend the university.
Deisy es una representación de lo que es posible lograrse con el empeño y el esfuerzo, con tan solo 19 años de edad, ha logrado emprender camino en el mundo de los negocios. Gracias a la colaboración de sus padres esta joven subarrendó un local de un tío y comenzó con la elaboración de productos de panadería, actividad que aprendió por tradición familiar. Desde hace seis meses abrió su negocio al público y gracias a la buena acogida ha fidelizado a un gran número de clientes del sector.
Con el fin de mejorar la calidad en el servicio, Deisy se encuentra solicitando un crédito que invertirá en la compra de un horno y una vitrina, con el fin de que sus productos tengan una mayor vida útil. Espera que con esta inversión su negocio siga creciendo y pueda ahorrar el dinero necesario para ingresar a la universidad.
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.