At 28 years old, Luz Adiela is an entrepreneurial woman who, after becoming unemployed, started raising chickens. This enables her to contribute financially to her household and make additional income.
This entrepreneur needs a loan to buy 30 chickens to fatten as well as concentrate with which to feed them. This will allow her to make more income and thereby improve her quality of life.
A sus 28 años de edad, Luz Adiela es una mujer emprendedora que después de quedar desempleada se dedicó a la cría de pollos lo que le permite aportar económicamente al hogar y generar ingresos adicionales.
Esta emprendedora necesita de un préstamo para comprar 30 pollos de engorde, así como concentrado para la cría de los mismos, lo que le permitirá generar mayores ingresos y mejorar así su calidad de vida.
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.