Luz Dolly D. J. is an enterprising woman who has always worked to cover her own household expenses. For this reason, seven years ago she decided to set up her own business: a grocery store in which she sells different products. Luz Dolly would like to buy more products and acquire some shelving to improve the presentation of her products. She needs a loan in order to achieve this goal that will allow her to increase her sales and take a step further towards her biggest dream: to own a well-known supermarket in her town.
Luz Dolly D. J. es una mujer emprendedora que siempre ha trabajado para aportar con los pagos propios del hogar, por ello, desde hace 7 años decidió crear su propio negocio, una tienda de abarrotes en la que vende diferentes productos.
Con el fin de comprar más productos y adquirir estantería para mejorar la presentación de sus productos, Luz Dolly necesita de un crédito para lograr este objetivo que le permitirá incrementar sus ventas y caminar hacia su gran sueño: llegar a tener un Supermercado reconocido en el municipio.
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.