Aura is a 50-year old single mother who has two children, whom she has supported with hard work and dedication. She has worked as an independent saleswoman for 5 years and owns a restaurant on the main road of her neighborhood. She has a lot of customers, works Monday through Sunday and counts on the help of an employee during the weekends. Thanks to her job she can generate enough resources to cover her basic household expenses.
With an aim to consolidate her business and attract new customers, she is requesting a loan to buy raw materials in bulk (meat, pasta, grains, sodas, vegetables) and to repair the fridge, which is in bad condition. This would allow her to provide a better service, to increase sales and to face disloyal competition in the area. Aura's objective is to buy her own space for the business and to save money to buy a house. She wants to improve their quality of life and to enjoy a higher level of comfort with her children.
Aura, a sus 50 años de edad, es una madre soltera de dos hijos, a quienes ha sacado adelante con empeño y dedicación.
Desde hace 5 años se dedica a trabajar como comerciante independiente, pues tiene un restaurante ubicado en una vía principal del barrio donde reside, por lo que existe mucha afluencia de personas en el sector, trabaja de lunes a domingo y durante el fin de semana recibe el apoyo de una empleada, de esta forma genera los recursos suficientes para solventar los gastos básicos del hogar.
Con el ánimo de fortalecer su negocio y atraer a nuevos clientes con sus preparaciones, solicita el apoyo del crédito para comprar materia prima al por mayor (carne, pastas, granos, gaseosas, verduras) y reparar la nevera que tiene en mal estado, esto le permitirá prestar un mejor servicio a sus comensales, logrando aumentar las ventas y hacerle frente a la competencia desleal que existe en la zona.
Aura tiene como propósito adquirir un local propio en el que pueda tener su negocio y ahorrar dinero para adquirir su propia casa, en la que pueda mejorar las condiciones de vida y disfrutar un mejor bienestar junto a 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.