Twenty-one year old Anny is making a commitment as an entrepreneur to create many jobs in her Internet café and to give her family a better quality of life. Her business needs are, in order to provide better service, the purchase of supplies and computer monitors, which will put to use the money from the loan responsibly and effectively. Her main goal is to fulfill her fathers’ mission when he left her the business of taking very good care of it in order that she could make ends meet in the future.
A sus 21 años, Anny promete como empresaria emprendedora que quiere generar muchos empleos en su café Internet y poder darle a su familia una mejor calidad de vida. Su negocio requiere, para prestar un mejor servicio, de la compra de insumos y monitores para los computadores, por lo cual utilizará el préstamo de una forma responsable y efectiva. Su sueño más inmediato es cumplirle a su padre la misión que le dejó en cuidar muy bien el negocio para que tengan de qué subsistir en un futuro.
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.