Maria has a grocery store where she sells a large variety of food products, meat, liquor, sweets and other things.
The business belonged to her uncle but he had to give it up when he moved from the city and was unable to look after it any longer. She decided to take over and started to make better use of it, making it more productive.
At the moment, she believes that she needs to do something to improve her sales, so she is asking for a loan to be able to diversify the products she sells and offer more to her customers.
She has great expectations for her business and has worked very hard to make it profitable and well-known.
She dreams of making it a long-term success and always having a disposable income to provide an education and a better standard of living for her children.
Maria tiene un negocio de tienda de abarrotes en el que ofrece gran variedad de productos alimenticios, carnes, licores, golosinas, entre otros.
El negocio era de propiedad de un tío que se vio obligado a dejarlo porque se trasladaba de ciudad y no podía atenderlo más. Ella decidió hacerse cargo de él y empezar a capitalizarlo para hacerlo más productivo.
Hoy en día considera que necesita un impulso para aumentar sus ventas, por esta razón pide un auxilio económico para diversificar su oferta de productos y ofrecer más productos a sus clientes.
Tiene grandes expectativas en su negocio y le a puesto mucho empeño para que sea prospero y reconocido.
Su mayor sueño es poder consolidar su actividad y tener siempre ingresos disponibles para brindarles una educación de calidad y un mejor estilo de vida 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.