Rosa Aura Z. L. learned at her sister's side how to make various typical fried dishes, which later turned into a livelihood for her and her family. Her business is located on the side of the road. She sells her products to tourists passing through and truck drivers who frequent the area.
The rainy season is one of the biggest challenges that this entrepreneur faces, which is why she needs this loan to buy a stall covering and supplies to improve her business.
Rosa Aura Z. L. aprendió al lado de su hermana a realizar diferentes productos fritos típicos que después se convirtieron en la fuente de sustento para ella y su familia, su negocio ubicado en la orilla de la carretera ofrece sus productos a turistas que pasan por la zona así como a los camioneros que frecuentan el lugar.
El invierno es una de las mayores dificultades que atraviesa esta emprendedora, por ello, necesita de un préstamo para comprar una carpa y surtido para mejorar su negocio.
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.