Leibys, 29, has two underage children. She works every day, starting at 04:00 am. She starts her daily tasks by visiting the wholesale market and buying vegetables and fruits, to later sell them in her locality’s marketplace and in surrounding municipalities. Liebys says that her mother started this business. She later had a thrombotic stroke, which made it impossible for her to continue working. This is why Leibys took over.
She is today requesting a loan to buy supplies and to make some improvements to her establishment. With this, she expects to improve her economic situation and give her mother and children a dignified life.
Leibys de 29 años y madre de dos hijos menores de edad, labora diariamente desde las 4:00 am. Iniciando su faena en la plaza mayorista en donde se abastece de legumbres y frutas para comercializar en la plaza de mercado de su localidad y en municipios aledaños.
Cuenta que este negocio lo inició su madre, quien sufrió una trombosis, enfermedad que le impidió seguir ejerciendo la actividad y por lo cual Leibys decidió hacerse cargo. Hoy se encuentra solicitando un crédito que invertirá en la compra de surtidos y adecuaciones locativas, con el propósito de mejorar su condición económica y brindarle a su medre e hijos una calidad de vida digna.
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.