Luz is 45 years old and has one child. She has been head of household since she separated from her husband. She used to work for a book and record store. She would also sell wafer cookies and solterita biscuits, a business she carried out at the store thanks to her boss, who allowed her to have a small area in order for her to do business. This allowed her to cover her family expenses for the last sixteen years that she had that job. She currently works at a different store at the counter Monday through Saturday from 10:00 am to 7:00 pm and wants to restart her business selling sweets in order to keep generating better income.
That is why she decided to request this loan, so that she can buy kitchen utensils and wholesale goods like wafer cookies and solterita biscuits, caramel, sweet cream, cheese, condensed milk, and other products. This will allow her to start supplementing her income.
Luz's main goal is to strengthen her business so that it becomes her main source of income and she can become completely independent and spend more time with her son. She fights for him constantly in order to give him a better quality of life.
Luz, a sus 45 años de edad, es madre de un hijo y cabeza de hogar desde que se separó de su esposo. Trabajó como empleada en una tienda de venta de libros y música allí, alternó su empleo con la venta de obleas y solteritas, actividad que realizaba en el mismo almacén donde trabajaba gracias a que su jefe le permitió disponer de un pequeño espacio para realizar esta actividad, así logró generar los recursos para solventar los gastos familiares durante los últimos 16 años que realizó esta actividad. Actualmente trabaja en otro almacén como vendedora de mostrador de lunes a sábado, de 10:00 am a 7:00 pm y desea reactivar su negocio de venta de dulces para seguir generando mejores ingresos.
Por ello se anima a solicitar el crédito para comprar utensilios de cocina y surtido al por mayor (galletas de oblea y solteritas, crema dulce, arequipe, queso, leche condensada, entre otros), así estará en la capacidad para comenzar a producir ingresos adicionales.
Luz tiene como objetivo principal fortalecer su negocio para que se convierta en su principal fuente de ingresos y así poder independizarse completamente y poder disfrutar más tiempo con su hijo, por quien lucha constantemente para ofrecer una mejor calidad de vida.
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.