Luz Estella, 55, is a woman with big plans for life, and she has fought and will keep fighting to make them a reality. With her discipline, she has accomplished a lot. She started a business in her home selling basic goods, and for nine months she has sold fast food on weekends. She works daily with one of her sisters, who takes care of the store while she works at her fast food cart. Her greatest dream is to be able to move her businesses out of her home and to be able to create sources of employment that will allow her to benefit other families in her area. Currently she is applying for a loan that she will use to stock her store and her fast food business, with the aim of increasing her sales and improving her quality of life.
Luz Estella a sus 55 años de edad, es una mujer con grandes proyecciones en la vida, por las cuales ha luchado y sigue luchando a fin de convertirlas en una realidad. Con su disciplina a alcanzado grandes logros. Montó un negocio en su residencia dedicado a la venta de productos de la canasta familiar y desde hace nueve meses vende comidas rápidas los fines de semana. Labora diariamente en compañía con una de sus hermanas quien se encarga de la tienda mientras ella labora en su carro de comidas rápidas.
Su mayor sueño es poder independizar sus negocios de su vivienda y poder generar fuentes de empleo que le permitan beneficiar a otras familias de su localidad.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de surtido para la tienda y el negocio de comidas rápidas, con el fin de incrementar sus ventas y mejorar 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.