There are certain jobs that, although they seem unproductive, have to be done. Farming and raising livestock are often undertaken by poor people who have little capital to invest in their businesses. Mayra is such a person--she sells fish.
She learned about selling fish from her father and as a result is able to support her 9-year old son. Because of the size of the area she covers and her well-known name, Mayra is sought out by her customers. For this reason she wishes to take out a loan to buy a motorcycle so she can more easily deliver orders and extend her territory, thus establishing herself as a smart businesswoman with a successful fish-selling business.
Hay oficios que por poco productivos que parezcan hay que ejercerlos, desde la agricultura, la ganadería que en muchas ocasiones cuando son operados por personas con bajos recursos y poco capital para invertir en su negocio. Este el caso de Mayra una mujer dedica a la comercialización de pescado.
Aprendió el negocio pro su padre quien desempeña esta actividad Mayra la aprendió y gracias a esta actividad puede mantener a su hijo de 9 años, por el amplio recorrido de su familia su apellido y empresa es muy pedida entre los clientes, por esta razón quiere invertir en su negocio y es que necesita un auxilio monetario para la compra la una motocicleta que le permita agilizar la entrega de pedidos e incluso extender su cobertura a otros clientes, estableciéndose como una fuerte empresaria en el comercio de pescado.
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.