Sandra is 23 years old, and is a young entrepreneur and a lover of cooking. Her great potential and ability to prepare food has made her a successful micro-entrepreneur. At her young age, this women already sees herself as a great chef. Today, she has her own business selling filled arepas, a traditional corn patty, but her biggest dream is to continue to grow and open new sales points. In order to satisfy the demand she has at the moment, Sandra is requesting a loan, which she will invest in buying ingredients (meat, arepas, sauces and other items). She hopes to continue to grow and be able to help her family with contributions to household expenses.
Sandra de 23 años de edad es una joven emprendedora y amante por la culinaria, su gran potencial y habilidad para la preparación de alimentos la han convertido en toda una microempresaria. A su corta edad, esta mujer ya se visiona como una gran chef. En la actualidad tiene su propio negocio dedicado a la venta de arepas rellenas, pero su gran sueño es seguir creciendo y poder abrir nuevos puntos de ventas. Con el fin de satisfacer el nivel de demanda que tiene actualmente, Sandra se encuentra solicitando un crédito que invertirá en la compra de insumos (carnes, arepas, salsas y otros).
Espera seguir creciendo y por contribuirle a su familia para los gastos del hogar.
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.