Yoemis is a young, enterprising, 23-year-old woman who strives to move her two minor children forward. She currently works selling fried fast-food snacks on her corner. With income generated she’s been able to support her home and insure her children’s schooling. Her greatest wish is to be able to buy a house to improve living conditions.
She’s currently asking for a loan to buy ingredients, a table and an umbrella to protect herself from the rain that’s become her main problem and to be able to provide better customer service.
Yoemis es una joven emprendedora de 23 años, la cual lucha por sacar adelante de a sus dos hijos menores de edad. En la actualidad se dedica a la venta de fritos en una esquina de su casa. Con los ingresos que genera ha logrado sostener su hogar y garantizarles a sus hijos educación.
Su mayor sueño es poder comprar una vivienda para mejorar las condiciones de vida.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de insumos, una mesa y un paraguas para protegerse de la lluvia que se ha convertido en su principal problema brindándoles a sus clientes un mejor servicio.
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.