Muryam is 51 years old and is a woman with grand ideals. Her family has become the main engine of her existence and her challenge it working hard every day to get her family ahead. She started a cyber café ten years ago so that she could generate resources with which to support her family, since she is a single mother.
She assures us that her sales are stable and that this activity is profitable.
She is asking for a loan to buy a computer and paper goods so that she can provide better service and increase her sales.
Muryam de 51 años de edad, es una mujer con grandes ideales, su familia se ha convertido en el principal motor de su vida y luchar por sacar a sus hijos adelante es el gran reto de cada día.
Desde hace 10 años montó un cibercafé con el fin de generar los recursos para la supervivencia familiar debido a su condición de madre soltera.
Asegura que las ventas son estables y que la actividad es rentable.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de un computador y artículos de papelería, con el fin de brindar un mejor servicio e incrementar el volumen de ventas.
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.