Quimberley is 20 years old. She does not have any children yet and is currently living with her partner. Quimberley makes a living selling special foods that she home delivers. At the weekend she works with her husband. Quimberley is enterprising, energetic and feisty. She is always putting in the effort to earn an income to support the household. She is applying for this loan because she wishes to buy supplies (such as vegetables, meat, condiments, dairy products) to prepare the foods and to pay the deposit on a motorcycle that she will use to make home deliveries more easily and on time. With this she will be able to increase her sales and, thus, her profits. Quimberley's biggest dream is to start her own restaurant that would allow her to earn a higher income and improve her family's quality of life.
Quimberly es una joven de 20 años, aún no tiene hijos y actualmente vive en unión libre con su pareja. Se dedica a la venta de comidas especiales a domicilio, labor que realiza en compañía de su pareja los fines de semana. Es una mujer emprendedora, enérgica y luchadora, siempre esforzándose por obtener ingresos para apoyar el sostenimiento de las necesidades en su hogar. Con el crédito que solicita en la Corporación desea comprar insumos (verduras, carne, condimentos, productos lácteos, entre otros) para elaborar las comidas y adicionalmente desea ajustar el dinero para comprar una moto para hacer los domicilios de una forma más ágil, cumpliendo con la entrega a tiempo de los pedidos y, de esta manera aumentar las ventas y por ende las utilidades. Su principal sueño es montar un restaurante exclusivo que le permita generar mayores ingresos para mejorar 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.