Bertha, 54, is a woman who is characterized by her entrepreneurial spirit and her desire to provide for her family. After suffering from the abandonment of her husband, she saw the need to work in order to sustain her two children.
Due to her lack of education, her access to the working world was very limited, which led her to work for herself. Now she makes a living selling baseball caps and accessories in the center of the city of Medellín, Colombia. Thanks to this business activity, she has managed to improve her family's quality of life.
She has applied for a loan which she will use to buy merchandise, with the goal of expanding the range of products she offers and increasing her sales.
Her biggest dream is to be able to offer her children the opportunity to go to college, in order to become professionals who will have greater job opportunities.
Bertha de 54 años de edad, es una mujer que se ha caracterizado por su emprendimiento y ganas de sacar a su familia adelante, después de sufrir el abandono de su esposo, se vio en la necesidad de laborar para sostener a sus dos hijos. Por su carencia educativa el acceso al mundo laboral fue muy limitado, lo que la condujo a subemplearse y hoy se dedica a la venta de gorras y accesorios en el centro de la ciudad de Medellín, Colombia. Gracias a su actividad ha logrado mejorar la calidad de vida de su familia.
En la actualidad se encuentra solicitando un crédito que destinará en la compra de surtido con el fin de ampliar el portafolio de productos y aumentar el nivel de ventas.
Su mayor sueño es poder brindarles a sus hijos la oportunidad de ingresar a la universidad con el fin de que se conviertan en profesionales y puedan tener mejores oportunidades laborales.
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.