In a plan to attract more customers, María is seeking a loan to buy a refrigerator so she can sell frozen meat and other products that need to be kept cold such as drinks, vegetables, milk etc. She wants to turn her shop into a grocery store where customers can find all their daily needs. Then she will earn more money and her customers will also benefit. María will stock the refrigerator with a variety of products with the sole aim of improving her family’s quality of life.
Madre de 5 hijos los cuales viven todos con ella que aún son dependiente de ella y su esposo pesto que ella prefiere que estudien y en un futuro le devuelvan los cuidos y sacrificios que realizo por sus amados hijos.
Trabajo junto a una empleada que le colabora y a la cual le paga diariamente.
María en una estrategia por ganar mayor clientela solicita un crédito para la compra de un refrigerador y poder vender carnes frías y productos que necesiten refrigeración como refresco, vegetales, leche entre otros, quiere convertir su tienda en un granero en el que los clientes encuentren todos los productos de la canasta familiar aumentando sus ingresos dándoles un beneficio a sus clientes, también surtida su refrigerador con variedad de productos con el simple propósito de mejorar cada día la calidad de vida de su familia.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
Important InformationThis 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.
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