Blanca, 24, works making and selling fast-food, work she started because she needed to generate income to cover schooling costs for her 4-year-old son. She assures that the best reward is to provide her family with better living conditions.
She’s currently asking for a loan to buy supplies to increase her sales and offer better quality customer service. Her dream is to save up to buy a house of her own.
Blanca de 24 años de edad, se dedica a la elaboración y venta de comidas rápidas, labor que inició debido a la necesidad de generar ingresos para costear los gastos de la educación de su hijo de 4 años. Asegura que su mayor recompensa es brindar a familia mejores condiciones de vida.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de insumos con el fin de aumentar sus ventas y ofrecer una mejor calidad en el servicio.
Sueña con ahorrar y adquirir su propia vivienda.
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.