Alexandra has 3 children and is very enterprising and responsible. She was working at a juice and snacks business. She learned that work and currently has her own business (selling juices and snacks).
Alexandra dreams of having a larger business and purchasing materials and ingredients for this activity.
With the loan she has requested she will buy a large thermos, supplies (cups, napkins, spoons, jars, etc.) and fill her business with fresh and good quality products, so that people who visit her business can leave happy and well cared for.
Alexandra, tiene 3 hijos, es muy emprendedora y responsable, trabajaba en un negocio de jugos y salpicones, allí aprendió dicha labor y actualmente tiene su propio negocio (venta de jugos y salpicones), Alexandra sueña con tener un negocio más amplio y comprar materiales e insumos para su actividad, con el préstamo que ha solicitado ella comprará un termo grande, insumos (vasos, servilletas, cucharas, jarras, etc) y surtirá su negocio con productos frescos y de muy buena calidad, para que las personas que visiten su negocio puedan marcharse contentos y bien atendidos.
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.