Joany dreams of increasing his profits. He knows that he must have more operating capital so that he can restock in larger quantities and obtain the necessary discounts that will help him earn more from his sales. Since he does not have the capital at the moment, he is requesting a loan that will help him take the next step toward his dream of providing his children a better quality of life.
Joany sueña con poder incrementar las utilidades y sabe que para ello debe tener mayor capital de trabajo para comprar el surtido en grandes cantidades y así obtener un descuento en la compra y ganancias en la venta, pero el actualmente no cuenta con este capital, por lo que solicita un préstamo que le ayude a ir cumpliendo paso a paso sus sueños de darle a sus hijos una mejor calidad de vida.
Important InformationThis 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.
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