Nora is a strong and hard working woman who is dedicated to managing her own business, a grocery store where she offers all types of products from the family basket. She continued with the business for fifteen years after the death of her father who was the owner, leaving behind his religious life. She works every day from the early morning hours and has the advantage of being recognized in the area for her expansive path in the market.
The loan requested is support to pay her suppliers' invoices and strengthen her inventory by buying cookies, cigarettes, among other items. This will allow her to maintain her credit open to keep stocking with more products and offer a great variety and satisfy the different tastes and needs. This will be reflected in the increase in sales and, in the end, in income that she receives from her work.
Nora says that her greatest desire is to continue the business offering better service and new products every day to her customers, and will thus have greater economic stability and will be able to enjoy a better quality of life.
Nora es una mujer pujante y trabajadora, que se dedica a atender su propio negocio, una tienda de abarrotes donde ofrece todo tipo de productos de la canasta familiar. Continuó con el negocio desde hace 15 años, luego del fallecimiento de su padre, quien era el propietario, dejando atrás su vida como religiosa; trabaja sola todos los días desde las primeras horas de la mañana y tiene la ventaja de ser reconocida en la zona por su amplia trayectoria en el mercado.
El crédito solicitado es un apoyo para cancelar las facturas a proveedores y fortalecer su inventario comprando galletería, cigarrillos, entre otros; esto le permitirá mantener su crédito abierto para seguir surtiendo con más productos y ofrecer mayor variedad a sus clientes y satisfacer los diversos gustos y necesidades; esto se reflejará en el incremento de las ventas y por ende, en los ingresos que percibe por su labor.
Nora manifiesta que su mayor anhelo es darle continuidad al establecimiento, ofreciendo cada día un mejor servicio y nuevos productos a sus clientes, así tendrá mayor estabilidad económica y podrá disfrutar 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.