Beatriz Eugenia is 50 years old, is in a common law relationship with her partner and has four children. She runs her own small store from which she sells groceries, dairy products, cold meats and packed lunches, among other products that are part of the family shopping basket. Her store is located in a district of the municipality of Rionegro. Beatriz Eugenia is hardworking and fights everyday to provide for her family. Although her profits only cover her family’s basic necessities, she is not deterred from continuing to work hard.
Beatriz Eugenia is requesting a loan to buy merchandise to stock her store, including pastries and sweets, cookies and crackers, dairy products and packed lunches. With these products she will be able to offer a greater variety to her customers and increase her sales. Her principal dream is to grow her business to be the biggest in the district, and to improve her family’s quality of life.
Beatriz Eugenia es una mujer de 50 años de edad, madre de 4 hijos y actualmente vive en unión libre con su pareja. Actualmente se dedica a atender su negocio, una tienda donde vende abarrotes, productos lácteos, carnes frías, mecato, entre otros productos de la canasta familiar; su negocio se encuentra ubicado en una vereda del municipio de Rionegro. La titular es una persona trabajadora y lucha día a día para apoyar el sostenimiento de su hogar y, a pesar que las ganancias sólo le permiten cubrir las necesidades básicas de su familia, esto no la detiene para seguir trabajando arduamente. Con el crédito que solicita desea comprar más mercancía (confitería, galletería, productos lácteos, mecato) para surtir su tienda y poder ofrecer variedad a sus clientes y así aumentar las ventas. Su principal sueño es hacer crecer su negocio hasta convertirlo en el más grande de la vereda y mejorar la calidad de vida en su hogar.
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.