Blanca is an unassuming and hard-working woman who has dedicated a big part of her life to looking after her children. She lives in the town of Itagui and works preparing food such as turnovers, meat pies, sweet fritters and pastries. She sells this food in the market square, from a food trolley.
Blanca is tenacious and industrious, with a big heart and a tremendous desire to get ahead in life. She wants to increase her food sales and work more comfortably. That is why she is asking for a loan to purchase a ramp to transport her trolley more easily. In addition, she wants to buy an umbrella to set it up in her food trolley. This loan will allow her to push her business forward and obtain the necessary income to continue supporting her family.
Blanca es una mujer humilde y trabajadora que ha dedicado gran parte de su vida al cuidado de sus hijos, vive en el municipio de Itagüí y se dedica a la preparación alimentos como empanadas, tortas de carne, buñuelos y pasteles.
Estos alimentos los venden principalmente en la plaza de mercado en su carrito de comidas.
Es una mujer muy tenaz y trabajadora, con un gran corazón y unos deseos inmensos de progresar.
Blanca desea aumentar su venta de alimentos y desea trabajar de una manera más cómoda, por esta razón solicita un préstamo para la compra de una rampa que le permita transportar su carro de una manera más fácil, adicionalmente desea comprar una sombrilla para instalarla en su carrito de comidas.
Este préstamo le permitirá sacar adelante su negocio para obtener así los ingresos necesarios que le den la oportunidad de continuar sosteniendo a su familia.
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.