Yuly is a young woman of 23 who is committed to realizing her dreams. The most important thing for her is to be able to finish her university studies and work full time in the family business.
Her parents are the owners of a bakery, which she manages with the goal of advancing the business. Now she has the goal of converting their microbusiness into a neighborhood establishment. For this reason, she plans to expand the products offered, and to do that she is applying for a loan that she will invest in the purchase of basic household items. She hopes that this investment will generate better income for her and allow her to generate a source of employment. Her greatest desire is to be able to guarantee her parents better living conditions, since they require special care due to their age.
Yuly es una joven de 23 años de edad, que le apuesta a la realización de sus sueños. El más importante es poder terminar sus estudios universitarios y dedicarse de tiempo completo al negocio familiar.
Sus padres son propietarios de una panadería, la cual ella administra. Con el propósito de sacar adelante el negocio. Hoy tiene como meta convertir su microempresa en un lugar representativo, por lo cual planea ampliar la oferta de productos y para ello se encuentra solicitando un crédito que invertirá en la compra de artículos de la canasta familiar. Espera que esta inversión le genere mejores ingresos y le permita generar una fuente de empleo.
Su mayor deseo es poder garantizarle a sus padres mejores condiciones de vida ya que por sus edades requieren cuidados especiales.
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.