Débora is 61 and for over nine years she has been running a grocery store she established after years of sacrifice and hard work. She says she started selling sweets at home and, with time, turned the activity into a business. Today, she is satisfied with the achievements she has made and hopes to continue being able to reap the rewards of her work.
She is requesting a loan to buy household products in an effort to increase her sales and guarantee better customer service. She aims to improve her economic situation and her family's quality of life.
Débora a sus 61 años, labora desde hace más de nueve años en su tienda, la cual ha construido con años de sacrificio y esfuerzo.
Cuenta que comenzó vendiendo dulces desde su hogar y con el paso de los años ha logrado construir su negocio. Hoy se siente satisfecha por los logros que ha alcanzado y espera seguir sembrando para cosechar en el futuro. Hoy se encuentra solicitando un crédito para la de compra de productos de la canasta familiar, con el propósito de mejorar sus ventas y garantizar una mejor calidad en el servicio.
Espera poder mejorar su condición económica y la calidad de vida de su familia.
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.