Olga is the single mother of her 19 year old son. She has gotten him ahead with a lot of effort and dedication. She has been tending to her own business for over 13 years. Her business is a deli where she offers snacks, soft drinks, beer, and liquor. She works every day from 12:00 p.m. until 12:00 a.m. She has help from an employee on the week-ends. Those are the days when sales increase. This way she generates sufficient resources to give her son a good education and daily support.
In order to strengthen her inventory, she is requesting the loan to buy stock wholesale (beer, liquor, soft drinks, and snacks, among others). This will allow her to satisfy the current demand and improve sales.
Olga’s mid-range objective is to get her own space in which she would be able to establish her business. This way the business would be more profitable. She would be saving the rent money that she currently pays in order to give her son a better quality of life and improve his well-being.
Olga es madre soltera de un hijo de 19 años de edad, al que ha sacado adelante con mucho esfuerzo y dedicación.
Hace más de 13 años se dedica a atender su propio negocio, una charcutería en la que ofrece mecato, gaseosas, cerveza y licor; trabaja todos los días de 12 pm a 12 am, cuenta con el apoyo de una empleada para los fines de semana, días en los que se incrementan las ventas; así logra generar los recursos suficientes para dar a su hijo una buena educación y sustento diario.
Con el ánimo de fortalecer su inventario, solicita el crédito para comprar surtido al por mayor (cervezas, licores, gaseosas, mecato, entre otros), esto le permitirá satisfacer la demanda actual y mejorar las ventas.
Olga tiene como propósito a mediano plazo, adquirir un local propio en el que pueda montar su negocio y así mejorar la rentabilidad del mismo, ahorrándose el dinero de arriendo que paga actualmente para dar a su hijo una mejor calidad de vida y bienestar.
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.