Claribel, who is 42 years old, is a dreamer with big aspirations. Her children are her greatest treasure and the driving force for her work. She works hard in order to guarantee them a better standard of living.
Claribel earns her living by the sweat of her brow. She is able to send her four children to school thanks to her effort and work. For a few years, she has made her living selling fast food in an area of Medellin.
Claribel is requesting a loan with the goal of increasing her sales. She will invest the loan in the purchase of supplies for making her products.
Claribel's greatest dream is to get her family ahead and to guarantee them a better standard of living.
Claribel de 42 años de edad, es una mujer soñadora y con grandes aspiraciones, sus hijos son su gran tesoro y la fuerza que la impulsa a luchar, a fin de garantizarles mejores condiciones de vida.
El pan se lo gana con el sudor de su frente y la educación de sus cuatro hijos la consigue gracias a su esfuerzo y su trabajo. Desde hace varios años se dedica a la venta de comidas rápidas en un sector de la ciudad de Medellín.
Con el fin de aumentar sus ventas de encuentra solicitando un crédito que invertirá en la compra de insumos para la elaboración de sus productos.
Su mayor sueño es sacar su familia adelante y garantizarle mejores condiciones de vida.
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.