After becoming the female head of household, Lilian began working tirelessly to improve the lives of her two children. Although she is a community mother at the Santa Bárbara Family Well-being Institute, where she is responsible for children who she provides day care services for, she was looking for a way to generate additional income that would allow her to improve her quality of life. She decided to start a laundry service.
To continue with this business and expand her number of customers, Lilian needs a loan to purchase a washing machine with a larger capacity that will allow her to wash more clothing in less time. This will allow her to be more productive and generate more income.
At 48 years old, this entrepreneur dreams of being able to offer her children the opportunity to study at university and become professionals. In order to achieve this, she works with great dedication and effort.
Después de convertirse en madre cabeza de hogar, Lilian se dedicó a trabajar incansablemente para sacar adelante a sus 2 hijos y aunque es madre comunitaria del Instituto de Bienestar Familiar de Santa Bárbara donde tiene a su cargo algunos niños a los que les presta los servicios de guardería se rebusca la manera de generar ingresos adicionales que le permitan mejorar su calidad de vida, por ello, desde hace algún tiempo empezó a prestar el servicio de lavandería.
Para continuar con este negocio y esperando ampliar sus clientes, Lilian necesita de un préstamo para comprar una lavadora con mayor capacidad que le permita lavar màs ropa en menos tiempo y así ser más productiva y generar mayores ingresos.
A sus 48 años de edad, esta emprendedora sueña con poder ofrecerle a sus hijos la oportunidad de estudiar en la universidad hasta convertirse en profesionales, por eso trabaja con gran dedicación y esfuerzo.
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.