Sandra Inés is 42 years old, married and has an eleven-year-old son. She currently makes a living through her business - a café, that she has had for eleven years, where she offers a variety of products, such as pastries, coffee, sweets and more. Sandra is feisty and dedicated to her work and family. She works long days, every day of the week, and thus can earn money to support her household and buy provide her family with the bare necessities. Sandra is applying for a loan to renovate the floor in her premises. The floor is currently in a bad state and, with this improvement, her business will have a better image and passers-by will have a better perception of her café. Thus Sandra will attract more customers and increase her sales and, consequently, her income. She can then provide her son with a good up-bringing and improve well-being and quality of life in her home.
Sandra Inés es una mujer de 42 años de edad, es casada y tiene un hijo de 11 años. Actualmente se dedica a atender su negocio, una cafetería que tiene hace 11 años, donde ofrece variedad de productos como mecato, jugos, gaseosas, café, confitería entre otros. Es una persona luchadora y entregada a su trabajo y a su familia, trabaja arduas jornadas todos los días de la semana y, con esto ha podido obtener dinero para apoyar el sostenimiento de su hogar y satisfacer las necesidades básicas de su familia. El crédito que solicita en la Corporación desea invertirlo en la remodelación del piso del local, ya que el que tiene actualmente se encuentra en mal estado; con ello logrará darle una mejor imagen a su negocio y cambiará la percepción de las personas que transitan por el lugar y así logrará atraer más clientes e incrementar las ventas y por ende los ingresos, para poder brindarle una excelente educación a su hijo, mejorar el bienestar y 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.