Patricia is 33 years old and has dedicated most of her time to caring for her children and administering her store in which she sells common household items. Thanks to her work she generates the income necessary to support her family. With the aim of increasing her sales and diversifying her products, she is asking for a loan in order to invest in the purchase of a freezer for the storage of fresh meat. She assures us that this investment will improve her quality of life and help her with her greatest dream, that of owning her own home.
Patricia de 33 años de edad, ha dedicado la mayor parte de su tiempo a velar por el bienestar de sus dos hijos y administrar su tienda en la que comercializa productos de la canasta familiar. Gracias a su actividad genera los recursos para el sostenimiento de su familia.
Con el fin de incrementar las ventas y diversificar sus productos, se encuentra solicitando un crédito que invertirá en la compra de un congelador para el almacenamiento de carnes frías.
Asegura que con dicha inversión podrá mejorar su calidad de vida y cumplirá su gran sueño de tener vivienda propia.
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.