Yuliana’s married and has two children. Because the income generated by her husband is insufficient to cover all household expenses, she decided some time ago to start her own business to contribute economically to her home and have a better quality of life.
Even though she started her fruit and vegetable business with very little capital, Yuliana has been driven and dedicated and this has led her to gradually get ahead. Since she’s had the business her quality of life at home has been improving.
Looking to offer better customer service, Yuliana is looking for financing to buy a refrigerator to store some products that have been spoiling. Her dream is to be able to get ahead with the business and to provide her children with a better quality of life and access to better quality education.
Yuliana se encuentra casada y tiene 2 hijos, y debido a que los ingresos que genera su esposo no son suficientes para poder sostener los gastos de su hogar, hace un tiempo decidió montar su propio negocio para poder contribuir económicamente en su hogar a tener una mejor calidad de vida. A pesar de que la venta de verduras y frutas la montó con muy bajo capital, Yuliana siempre ha tenido un gran empuje y dedicación que le ha permitido ir saliendo adelante poco a poco, y desde que tiene su negocio la calidad de vida en su hogar ha venido mejorando. Buscando ofrecer un mejor servicio para sus clientes, Yuliana busca un préstamo para comprar un refrigerador y poder conservar algunos productos que se le están dañando.
Su sueño es poder salir adelante con este negocio y brindarles a sus hijos una mejor calidad de vida y el acceso a una educación de mejor calidad.
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.