Blanca is a very hard-working person. She had to look for a way to generate income for her household because he husband was not able to meet all of their obligations. That was how she set up food sales, where she is able to generate income for her household. She is also able to offer her two children a better quality of life. Her family is making progress little by little.
Despite the small amount of capital she has, her constant effort allows her to overcome big difficulties and to continue progressing in her business. Blanca is looking to increase her sales, and she is looking for a loan in order to buy foodstuffs. This way she will offer her customers a greater variety of products.
Her dream is to be able to get her family ahead. Thanks to an increase in sales, she will be able to have better financial options in her home. Her household will also have a better quality of life. She also dreams of having her own place to locate the business.
Blanca es una persona muy trabajadora que tuvo que buscar una manera de generar ingresos para su hogar debido a que su esposo no podía cumplir con todas las obligaciones que se demandaban. Fue así como montó una venta de comidas donde puede generar ingresos para su hogar y ofrecerles una mejor calidad de vida a sus 2 hijos, y poco a poco ir progresando con su familia. Pese al poco capital con el que cuenta, el esfuerzo constante que hace le permite superar grandes dificultades y continuar progresando en su negocio. Buscando aumentar sus ventas, Blanca busca un préstamo para comprar insumos de comidas y ofrecer a sus clientes una mayor variedad de productos.
Su sueño es poder sacar su familia adelante gracias a que sus ventas aumenten y así poder tener mejores oportunidades económicas en el hogar y mejor calidad de vida. Además, sueña con tener su local propio para ubicar el 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.