Gladys, age 43, has her own fast food business. She started this work approximately one year ago. She did so out of to the need to generate financial resources in order to help her husband with the household expenses and to support their four children.
The money for the business came from the savings that a niece, who came from the coast to live with them, offered in order to help her get ahead as partners. They used the money to buy some kitchen utensils and supplies. Little by little, they were growing. In their business they offer all types of fast food, juices, and soft drinks.
The loan that she is now requesting is to buy a blender, a plastic barrel, a television, and a griddle to prepare the food. This will allow her to increase her production capacity. She will also be more prepared to tend to her customers with quicker, excellent quality service. This will help her to improve the sales and the income that she gets from her work.
Gladys says that her biggest desire is to strengthen her business. In the near future she wants to expand it in order to be more competitive in the market and to achieve stability and recognition in the market. This will help her to improve her family’s living conditions.
Gladys, a sus 43 años de edad, se dedica a atender su propio negocio de comidas rápidas, oficio que inició hace aproximadamente un año debido a la necesidad de generar recursos económicos para apoyar a su esposo con los gastos del hogar y con el sustento de sus 4 hijos. El capital para el negocio surgió de unos ahorros que poseía una sobrina que llegó de la costa a vivir con ellos, quien se ofreció a apoyarla para salir adelante como socias; con el dinero compraron algunos utensilios de cocina e insumos y poco a poco fueron creciendo, allí ofrecen todo tipo de comidas rápidas, jugos y gaseosas.
El crédito que solicita actualmente es para invertirlo en la compra de una licuadora, una caneca plástica, un televisor, y una plancha para preparar las comidas; esto le permitirá aumentar su capacidad de producción y estará más preparada para atender sus clientes, con un servicio más ágil y de excelente calidad, esto le ayudará a mejorar las ventas y los ingresos que percibe con la labor.
Gladys manifiesta que su mayor anhelo es fortalecer su negocio y en un futuro cercano, ampliarlo para ser más competitiva en el mercado y lograr permanencia y reconocimiento; esto le ayudará a mejorar las condiciones de vida de 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.