María is a single mother of three kids for whom she has progressed with great strength and commitment. She has worked several years in a car lot washing cars, and independently, she sells fast food in the afternoons with the goal of supplementing her income to settle her basic household expenses. The loan she requested will be invested in the purchase of wholesale supplies (bread, cold cuts, salsas, sodas, disposable wares, among others). This will allow her to be able to have available the products to meet the demand and improve her sales. María has as a project for the near future to be able to acquire her own house in which she can afford her children a better quality of life. For this to happen she will continue working hard to continue advancing to the pursuance of her dream.
María es una madre soltera de 3 hijos a los que sacó adelante con gran esfuerzo y compromiso.
Se dedica hace varios años a trabajar en un parqueadero lavando carros y de manera independiente vende comidas rápidas en las tardes, con el fin de complementar los ingresos para solventar los gastos básicos de su hogar.
El crédito solicitado será invertido en la compra de insumos al por mayor (panes, carnes frías, salsas, gaseosas, desechables, entre otros), esto le permitirá tener disponibilidad de productos para satisfacer la demanda y mejorar las ventas.
María tiene como proyecto para un futuro a mediano plazo poder adquirir su casa propia, en la cual pueda brindar una mejor calidad de vida a sus hijos, para ello manifiesta que seguirá trabajando arduamente para seguir avanzando hacia el cumplimiento de su sueño.
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.