For 25 years, Gladys has sold fast food in Giradota, a town in the department of Antioquia, but she still has faced difficulties due to the location of her stall. She is a hardworking woman who dreams every day of improving her quality of life. She works Monday to Saturday with the purpose of growing her business and in the future being able to have her own restaurant where she can generate more income as well as generating jobs.
For this reason Gladys Maria asks for a loan with which, little by little, she will begin to build her dream. She knows that to increase her profits she will have to increase her production, so she needs ingredients to make food. She doesn't have the capital that will help her not only to improve her quality of life but also take a step towards her dream.
Durante 25 años Gladys ha vendido comidas rápidas en Girardota, Municipio del departamento de Antioquia, y aunque ha tenido que enfrentar dificultades gracias a la ubicación de su puesto de comidas, es una mujer luchadora que sueña cada día con mejorar su calidad de vida es por esto que trabaja de lunes a sábado con la ilusión de ver crecer su negocio, y en un futuro poder tener su propio restaurante donde pueda generar mas ingreso e igualmente generar empleos.
Es por tal motivo que Gladys María solicita un préstamo con el cual poco a poco comenzar a construir su sueño, pues sabe que para ir generando mas utilidades deberá aumentar la producción y para ello necesita insumos con el cual preparar los alimentos, sin embargo hoy no cuenta con ese capital que le ayudará a no solo a mejorar su calidad de vida si no también a dar un paso para cumplir su sueño.
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.