Gloria is an experienced, wise and very patient woman. She is a mother of three children, and she has worked for practically her entire life in order to provide them with a better standard of living.
She has a small stand from which she sells fried foods, candies and soft drinks. In addition, she also sells corn pancakes, which she makes herself in her home. She works every day from 5:00 am to 11:00 am to get her products ready so that they are fresh for her customers, the majority of whom live in the neighborhood.
She wishes to stock her business and have a large inventory of products and supplies. For this reason she seeking a loan in order to purchase sodas and fried foods for resale, and to purchase supplies for her production of corn pancakes.
One of her main difficulties is the lack of funds to invest in her business, but she trusts in the help and the good heart of other people in order to move her business forward.
Gloria es una mujer de experiencia, sabiduría y mucha paciencia.
Es madre de 3 hijos y ha trabajado prácticamente toda su vida para sacarlos adelante.
Ella tiene una pequeña chaza en la que vende frituras, golosinas y refrescos, adicional a esto trabaja en producción y venta de arepas que ella misma prepara en su casa. Trabaja todos los días de 5:00 Am a 11:00 Am para tener su producto listo y fresco para sus clientes que en su mayoría son los vecinos del sector donde vive.
Ella desea capitalizar su negocio y tener un gran avance de insumos e inventario de productos, por eso acude a un préstamo para comprar surtido de bebidas y frituras, además desea comprar insumos para su producción de arepas caseras.
Una de sus principales dificultades es la falta de dinero para invertir en su negocio pero confía en la ayuda y buen corazón de las personas para sacar su actividad adelante.
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.