Funded

Total loan: $1,125

Silvia Amparo

Yarumal, Colombia / Hotel

A loan helped to purchase a variety of food products to serve to her customers.

Silvia Amparo's story

Silvia is an enterprising person and has always been known for being a very hard worker who provides for the welfare of her family. She works with her husband in a hostel business that they established. They provide lodging and food services to tractor trailer drivers who travel along the highway in her town. Silvia has always wanted her business to become recognized, so she worked hard with the intention of growing and becoming the strongest in her region.

Thanks to the good service she offers in her hostel and restaurant, Silvia’s inventory level in her restaurant has greatly diminished. For this reason, she wants to buy cafeteria and restaurant products so that she can provide high-quality service to her customers. However, Silvia does not have the capital to make these purchases. She is hopeful that a loan will give her the opportunity to purchases cafe products such as coffee, sugar, and other items. In addition, she will buy restaurant supplies such as vegetables, legumes, and other items so that her customers can have a wide variety of products.

Silvia hopes that her business continues to grow so that she can generate income to maintain the household expenses. In addition, she hopes that her two children will have access to a quality education and have financial stability in the future.

Translated from Spanish by Kiva volunteer Ronan Reodica. View original language description.

Silvia es una persona muy emprendedora que siempre se ha reconocido por ser muy trabajadora y siempre querer brindar un bienestar para su familia. Trabaja con su esposo en el negocio de hospedaje que montaron, donde ofrecen el servicio de hospedaje y alimentación a los conductores de tracto mulas que circulan por la carretera de su municipio. Silvia siempre ha querido que su negocio sea reconocido y por esto trabaja fuertemente con el ánimo de que crezca y se consolide en su región. Gracias a la buena atención que ofrecen en su hospedaje y restaurante, Silvia cuenta con un nivel de surtido de su restaurante muy bajo, por lo que quiere comprar productos de cafetería y restaurante que le permitan atender con buena cantidad de surtido a sus clientes. Sin embargo, Silvia no cuenta con el capital para realizar estas compras, es por esto que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de productos de cafetería como café, azúcar entre otros y la compra de productos de restaurante como son verduras, legumbres, entre otros, para poder así atender a sus clientes con mayor variedad de productos.

Silvia espera que su negocio siga creciendo para que le genere ingresos con los cuales pueda seguir sosteniendo los gastos de su hogar. Además, espera que sus 2 hijos puedan acceder a una educación de calidad y en un futuro puedan gozar de una estabilidad económica.

More about this loan

About Interactuar:

If this loan is structured on Kiva as a bullet loan (which means a single payment is required at the end of the loan term), it is because Interactuar sometimes has to offer borrowers loans with a variable interest rate that fluctuates with the market rate. In these cases, 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.