Alexandra, 32, is a woman who knows how to earn a living and get her family ahead. With her strength and effort she managed to set up and position her business in her area. For more than three years she has had an ice cream shop, which is her only source of income.
She's certain her sales have increase, so she's requesting a loan to invest in buying supplies and a refrigerator to give quality service and continue growing in the local market.
She dreams of having a chain of ice cream shops and improving her financial status and the standard of living in her household.
Alexandra de 32 años de edad, es una mujer que sabe como ganarse la vida y sacar su familia adelante, con su pujanza y esfuerzo logró montar su negocio y posicionarlo en su sector. Desde hace más de tres años tiene una heladería, la cual es su única fuente de ingresos. Asegura que el nivel de ventas ha aumentado, por lo cual se encuentra solicitando un crédito que invertirá en la compra de surtito y un refrigerador para ofrecer un servicio de calidad y seguir creciendo dentro del mercado local.
Sueña con tener una cadena de heladerías, mejorar su condición económica y el nivel de vida en su 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.