The clear priority of María, age 29, is her family's well-being and the education of her three-year-old son.
She has always dreamed of having her own business, so she worked very hard to achieve it. Now she is happy with her business and considers that it has been the best decision, since her work allows her to care for her child.
Her greatest dream is to see her business grow. This has motivated her to request a loan for the purchase of household products, with the goal of increasing her sales. She hopes to keep growing as a businessperson and to improve the quality of life of her family.
María de 29 años, tiene claro que su prioridad es el bienestar de su familia y la educación de su hijo de tres años de edad.
Siempre soñó con tener su propio negocio por lo cual trabajó arduamente para lograrlo. Hoy se siente feliz en su negocio y considera que ha sido la mejor decisión, ya que su trabajo le permite estar al cuidado de su hijo.
Su mayor sueño es ver crecer su negocio, razón que la ha motivado a solicitar un crédito para la compra de productos de la canasta familiar con el fin de aumentar su nivel de ventas. Espera seguir creciendo como microempresaria y mejorar la calidad de vida de su familia.
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.