Eucaris is 42 years old. She is a mother of four children and the main breadwinner. Due to her precarious financial condition and lack of education, this woman opted to make and sell arepas in order to generate enough resources to support and education her children. Today she has been doing this activity for more than 10 years. It has allowed her to gain many faithful customers.
Today she distributes her product in several stores and supermarkets in her community. in order to increase production due to high demand, Eucaris is asking for a loan that she will invest in buy corn wholesale to reduce costs and increase her earnings. She dream of being able to guarantee her family a dignified life and her children a quality education.
Eucaris de 42 años de edad, es madre cabeza de familia de cuatro hijos. Debido a su precaria condición económica y a la carencia educativa, esta mujer optó por dedicarse a la fabricación y venta de arepas con el fin de generar los recursos suficientes para la manutención y la educación de sus hijos. Hoy lleva más de diez años realizando la actividad, lo que le ha permitido fidelizar muchos de sus clientes.
Hoy distribuye su producto en varias tiendas y supermercados de su localidad.
Con el fin de aumentar la producción debido a la alta demanda, Eucaris se encuentra solicitando un crédito que invertirá en la compra de maíz al por mayor para reducir costo y aumentar sus ganancias.
Sueña con garantizarles una vida digna a su familia y una educación de calidad a sus hijos.
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.