Luz Stella started her business in a wooden box. However, thanks to the good service she provided she got support from one of her providers who gave her a kiosk so that her business could grow and offer a larger amount of products thus keeping her customers happy.
She needs to buy a wider variety of products not only to increase sales but also to improve her family’s quality of life.
Luz Stella inicia su negocia en una caja de madera, sin embargo por su buen servicio recibe apoyo de uno de sus proveedores y le da un kiosko para que su negocio pudiera crecer y ofrecer mayor cantidad de productos y así mantener contentos a sus clientes.
Ella necesita comprar mas variedad de productos no solo para incrementar las ventas sino también para mejorar la calidad de vida de su familia.
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.