Marcela is 33 years old and mother to a three year old. She and her husband worked in a bakery for more than 12 years. Six months ago, they decided to become independent and start their own business with the aim of improving their financial situation and to be able to spend more time with their son. They are requesting a loan to invest in the purchase of a display counter and other supplies to start up a new line of desserts.
Her dream is to position her business in the market and make it well-known in its area so that it can break even and become sustainable in the future.
Marcela de 33 años, es madre de un hijo de tres meses de edad, y en conjunto con su esposo laboraron por más de 12 años en una panadería. Desde hace seis meses tomaron la decisión de independizarse y crear su propio negocio, con el fin de mejorar la condición económica y dedicarle más tiempo a su hijo. Se encuentra solicitando un crédito que invertirá en la compra de una vitrina exhibidora y capital de trabajo para abrir una nueva línea de repostería.
Sueña con acreditar su negocio y darlo a conocer en el sector, con el fin de alcanzar el punto de equilibrio y hacerlo sostenible en el tiempo.
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.