Jadir dreams of having a store with a variety of products, but she would also like to have her own brand so that she can be recognized in the media. For this reason, she needs to buy supplies for making trinkets in order to have a wider variety of products.
Ella se sueña con tener un local con variedad de sus productos y además que tengan una marca propia y pueda ser reconocida en el medio, para esto ella necesita comprar insumos para elaborar la bisutería y así tener mayor variedad de productos.
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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