Perseverance and a good disposition are two values that now distinguish Maria from many other merchants. She lived in Huila for a long time. Upon seeing the few work opportunities in this place, she decided to move to the city of Medillín. She did this to look for new horizons and to be able to start a family.
She has now been working in the city of Medellín for over ten years approximately. She works with a cart making and transporting churros. She works every day from 11:00 a.m. until 7:00 p.m. She says that she is very satisfied with the results that she has gotten so far. This is because she has been able to support her two minor children with this business. She has also been able to share the household expenses with her husband.
She is requesting a loan to repair the churro cart. It has some things that need repair. She also wishes to buy some supplies for her preparations.
The loan gives her the opportunity to improve her work and to have a better level of sales. The loan nurtures her dreams and improves her quality of life.
La constancia y buena disposición son dos valores que distinguen a Maria de muchos comerciantes actualmente.
Ella vivió en Huila durante mucho tiempo y al ver las pocas oportunidades que en este lugar había para trabajar, decidió trasladarse hasta la ciudad de Medellín para buscar nuevos horizontes y poder formar una familia.
Hoy en día tiene aproximadamente más de 10 años trabajando en la ciudad de Medellín en un carrito de elaboración y transporte de curros. Trabaja todos los días de 11:00 Am a 7:00 Pm y dice estar muy satisfecha con los resultados obtenidos hasta ahora ya que con este negocio ha podido sostener a sus dos hijos menores y compartir los gastos de la casa con su esposo.
Ella solicita un préstamo para la reparación del carrito de churros ya que presenta algunas fallas y adicional a esto desea comprar algunos insumos para sus preparaciones.
El préstamo le brindara la oportunidad de mejorar su trabajo y tener un mejor nivel de ventas, reforzando sus sueños y mejorando su 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.