Liliana, age 27, is single and has two children. She has been selling fast food for approximately two years. She initially sold on the sidewalk to her house. Six months ago she decided to rent a place for her business activity and to sell fast food, fried food, juice, and soft drinks. She is an enterprising and hard-working woman. She puts forth great effort to get her family ahead.
She wants to use the loan to buy fixed assets (fryer, microwaves, tables, chairs). She also wishes to buy stock (cold meats, fruit, soft drinks, dairy products). She will do this so that her business is more eye-appealing and will catch the attention of more customers.
Her main dream is to make her business grow and to strengthen it to become one of the most well-known in the sector. This way she will be able to generate more income in order to give her two small children a better quality of life.
Liliana es una mujer de 27 años de edad, es soltera y madre de 2 hijos. Se dedica a la venta de comidas rápidas hace aproximadamente 2 años, inicialmente lo hacía en la acera de su casa y, hace 6 meses decidió arrendar un local para ejercer la actividad y vender comidas rápidas, fritos, jugos y gaseosas. Es una mujer emprendedora y trabajadora, se esmera por sacar adelante a su familia. Con el crédito desea comprar activos fijos (freidora, microondas, mesas, sillas) y adicionalmente desea comprar surtido (carnes frías, frutas, gaseosas, productos lácteos) con el fin que su negocio sea más agradable a la vista y permita llamar la atención de más clientes. Su principal sueño es hacer crecer su negocio, consolidándolo como uno de los más reconocidos del sector y así poder generar más ingresos para brindarle una mejor calidad de vida a sus dos pequeños hijos.
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.