Dorena has had her own fast food business for five years where she sells hotdogs, hamburgers, shish kabobs, and grilled meat among other things. She likes this business and has been able to support her family and give them a good quality of life with it.
She wants her business to grow. That is why she needs to buy chairs, tables, other utensils and supplies to provide better attention and more variety of products for her customers.
Dorena desde hace 5 años tiene su propio negocio de comidas rápidas donde ofrece perros, hamburguesas, chuzos, carne asada entre otros, ella le gusta este oficio y con el ha podido mantener a su familia y darle una buena calidad de vida.
Ella quiere que su negocio crezca y por eso necesita comprar sillas, mesas y otros utensilio e insanos para brindarle a sus clientes una mejor atención y mas variedad de productos.
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.