Yolanda is 33 years old. She is a leader in her community. Her neighbors declare that she is a woman with perseverance and humanity that make her stand out anywhere. For three years she has been raising chickens and pigs, thanks to a subsidy that she received. Today she is grateful for the help that was offered her, and she confirms that she wants to continue growing in this sector because of the viability and profitability of her business. For this reason she is applying for a loan that she will invest in purchasing animals, their care, and suitable modifications of their sheds.
She dreams of becoming a source of employment for her community in the near future.
Yolanda de 33 años, es líder en su comunidad, sus vecinos manifiestan que es una mujer con una perseverancia y calidez humana que la destacan en cualquier lugar. Desde hace tres años se dedica a la cría de pollos y cerdos gracias a un subsidio que recibió por parte de una entidad. Hoy agrade por la ayuda que le han brindado y asegura que desea seguir creciendo dentro del sector debido a la viabilidad y rentabilidad de su negocio. Razón por la cual se encuentra solicitando un crédito que invertirá en la compra de animales, cuido y adecuaciones locativas de galpones.
Sueña en un futuro próximo, convertirse en una fuente de empleo para su comunidad.
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.