Sandra is a 37-year-old woman. She is married and has two children. She has had a store for three years where she sells all the products typically used by a family and which has generated income for her so her family can get ahead. She is a tenacious woman and she has managed to make her business recognised in the sector through a lot of effort. She wishes to invest the loan in obtaining a better location for her business and in purchasing stock (dairy products, eggs, cold cuts of meat, toiletries, etc.) with the goal of making the business more appealing and having the product availability to satisfy the high demand from her clientele. Her greatest dream is to a have a mini supermarket, which would generate a higher level of income and thereby enable her to give her family a better quality of life.
Sandra es una mujer de 37 años de edad, es casada y tiene 2 hijos. Hace 3 años tiene una tienda donde vende todos los productos de la canasta familiar, con lo cual ha generado ingresos para sacar adelante a su familia. Es una mujer luchadora y con gran esfuerzo ha logrado que su negocio sea reconocido en el sector. El crédito lo desea invertir en mejoras locativas para su negocio y en compra de surtido (lácteos, huevos, carnes frías, productos de aseo, entre otros), con el fin de que el negocio se vea más agradable y poder tener la disponibilidad de productos para satisfacer la alta demanda de su clientela. Su mayor sueño es tener un minimercado, que le genere mayor nivel de ingresos y así brindarle una mejor calidad de vida a 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.