Blanca, at 61 years old, is a single mother of two, she has gotten her children ahead on her own, working hard to generate income that allowed her to bring money home, she never had financial support from the father of her children. She currently works managing a business she owns, located in her house, she started it with the goal to continue generating income for her family, there she offers a market, confectionery and liquor, taking advantage of not have any competitors closeby, which has allowed her to be recognize over the seven years that she has been open. Blanca is a hardworking, active and nice person, she fights tirelessly to continue providing for her home's economy, she likes to feel useful and her age is not stopping her to go on with her goal. She requests the loan to make improvements to her business location, which will allow her to improve it's image and create an opportunity for new customers to increase sales and income. This allows Blanca to move towards her dream to be independent from the business at home, for this she wants to acquire a location at short term credit, located away from her residency, this will allow her to increase her capacity to better serve her customers, which will positively affect her economy and she will be able to enjoy a better living and quality of life next to her children.
Blanca, a sus 61 años de edad, es madre soltera de dos hijos, a quienes ha sacado adelante sola, trabajando arduamente para generar ingresos que le permitieran llevar el sustento a su hogar, pues nunca contó con el apoyo económico del padre. Actualmente se dedica a atender un negocio propio ubicado en la casa donde reside, el cual montó con el ideal de continuar recibiendo ingresos para su familia; allí ofrece mecato, confitería y licor, aprovechando la ventaja de no poseer competidores cercanos, lo que le ha permitido obtener reconocimiento durante los 7 años que tiene de funcionamiento. Blanca es una persona trabajadora, activa y amable, lucha incansablemente para continuar aportando a la economía de su hogar, pues manifiesta que le gusta sentirse útil y su edad no es impedimento para continuar con su labor. Solicita el crédito con el fin de realizar unas adecuaciones locativas para ampliar el negocio, lo que le permitirá darle una mejor imagen y la oportunidad de atraer nuevos clientes con lo que podrá aumentar sus ventas y los ingresos. Esto le permite a Blanca seguir avanzando para cumplir el sueño de independizar su negocio de la casa, para lo que desea adquirir un local a mediano plazo, alejado de su lugar de residencia, esto le permitirá aumentar su capacidad instalada para atender mejor a sus clientes, lo que afectará positivamente su economía y podrá disfrutar de un mejor bienestar y calidad de vida al lado de sus hijos.
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.