Leida is 40 years old and has been plucky and hard-working since she was young. As a result of her efforts she managed to start her own restaurant, which has allowed her to earn an income to pay for food, clothing and an education for her children.
Leida has many challenges and plans and so has to decided to expand her business. To do this she is applying for a loan to invest in a stove and to buy staple supplies so she can offer a greater range of products and increase sales. By doing this she will be able to improve her and her family's quality of life.
Leida es una mujer de 40 años de edad, luchadora y trabajadora desde su juventud. Gracias a su esfuerzo logró montar su propio restaurante, actividad que le ha permitido generar los ingresos necesarios para el alimento, el vestuario y la educación de sus dos hijos.
Leida es una mujer de retos y proyectos, por eso ha decidido ver crecer su negocio y para lograrlo se encuentra solicitando un crédito que invertirá en la compra de un fogón e insumos de la canasta familiar con el fin ampliar su portafolio de productos e incrementar las ventas logrando obtener una mejor calidad de vida para ella y 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.