35-year-old Diana is a single mother of two children ages 11 and 3, whom she has gotten ahead on her own and for whom she strives tirelessly, in order to give them daily sustenance. Three years ago she started her own business as an alternative for generating enough financial resources to cover the needs of her household, as she was unemployed and it was difficult for her to find opportunities for work. For this reason she opened a small store located in her home, where she offers a number of grocery products, pastries, soft drinks and liquor. And on the weekends she sells fried products like empanadas, sausages, tamales and chicken pastries, among other items. In this way she has been able to get ahead in company with her small children.
Her tenacity, strength and perseverance have allowed her to reach the objectives she has proposed, and have motivated her to request her second cycle of loan for assorted items she wants to buy wholesale (pastries, beer, soft drinks, liquor and grocery products). In this way she will have enough stock to satisfy the demand that is increasing with the arrival of the Christmas season, in which sales increase along with the earnings she receives for her work. This gives her the potential to keep advancing in order to fulfill the dream of expanding her business and offering a greater number of items, allowing her to stabilize the family budget to give her children a better education and quality of life.
Diana, a sus 35 años de edad, es madre soltera de dos hijos de 11 y 3 años, a los cuales ha sacado adelante sola y por los que lucha incasablemente para darles el sustento diario. Desde hace 3 años inició su propio negocio como alternativa para generar los recursos económicos suficientes para solventar las necesidades del hogar, ya que se encontraba desempleada y le era difícil conseguir oportunidades laborales; por ello montó una pequeña tienda ubicada en su lugar de residencia, allí ofrece algunos productos de la canasta familiar, mecato, gaseosas, licor y los fines de semana vende productos fritos como empanadas, chorizos, tamales, pasteles de pollo, entre otros; de esta forma ha logrado salir adelante en compañía de sus pequeños hijos. Su tenacidad, fortaleza y perseverancia, la han llevado a lograr los objetivos que se propone y la motivan para solicitar el segundo ciclo de crédito con el que desea comprar surtido al por mayor (mecato, cerveza, gaseosas, licor y productos de la canasta familiar), así tendrá disponibilidad suficiente para satisfacer la demanda que se incrementa con la llegada de la temporada navideña, en la que aumentan las ventas y los ingresos que percibe por su labor. Esto le da la posibilidad de seguir avanzando para cumplir el sueño de ampliar su negocio y ofrecer mayor número de artículos, logrando estabilizar la economía familiar para dar a sus hijos una mejor educación y calidad de vida.
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.