Johana is a young businesswoman who decided to begin her own business a short time ago. It's an ice cream store located in the municipality of Amagá which forms part of the department of Antioquia. She works there daily from 10am to 9pm with the desire to get ahead and generate her own income. Nevertheless, she doesn't have the capital she needs to invest in the business which is why she is requesting the loan to make some improvements to her store such as purchasing a freezer and an adequate supply of products to be able to offer quality and quantity in her products as well as generate an economic income for her sustainability. Although it's difficult for Johana to not currently live with her family since she has to be close to her business, she knows that she can help her family to have a better future and thus a better quality of life.
Johana es una joven emprendedora quien hace poco decidió montar su propio negocio, una heladería ubicada en Amagá municipio que hace parte del departamento de Antioquia, allí trabaja diariamente de 10:00 a.m. a 9:00 p.m. con la ilusión de salir adelante y generar ingresos por sus propios medios, se preocupa por brindar un buen servicio y que sus clientes se deleiten con exquicitos helado; sin embargo no cuenta con el capital que necesita para invertirle al negocio, motivo por el cual hoy solicita un préstamo con el cual hacer algunas adecuaciones al local, comprar un enfriador y un surtido adecuado para ofrecer calidad y cantidad en sus productos e igualmente poder generar un ingreso economico para su sostenimiento. Aunque para Johana es duro no vivir actualmente en compañia de de su familia, ya que debe estar al frente de su negocio, sabe que podrá ayudar a su familia a tener un mejor futuro, y así mismo a tener una mejor calidad de vida.
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.