Luz is a hardworking and committed young woman who is only 22 years of age. She has a beautiful four-year-old daughter. Luz manages a cybercafé where she provides Internet, printing, and fax services. This business allows her to sustain her household and, most importantly, generate enough money to cover her daughter’s expenses.
For a woman who is just starting her business and wanting it grow, Luz desires to establish herself as an entrepreneur and as a person. For this reason, she is requesting a loan to restock her business with stationery supplies, as well as snack foods, so that she can expand and increase her services.
Her dream is to grow so that she can have sufficient resources to feed her daughter and provide her with an education.
Luz es una muy trabajadora y comprometida joven de tan solo 22 años de edad la cual tiene una bella niña de 4 años, se desempeña atendiendo un cibercafé donde prestas servicio de internet, impresión y fax y con lo que puede mantener los gastos de su hogar y lo más importante generar dinero suficiente para cubrir los gastos de su hija.
Por ser una mujer que apenas está constituyendo su negocio y que quiere crecer, para consolidarse como empresa y como persona. Por esta razón solicita un crédito para surtir su negocio con insumos de papelería y frituras para engrandecer y ampliar sus servicios.
Su sueño es poder crecer para tener recursos suficientes para educar y alimentar a su hija.
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.