Noralba is 34 years old and has provided accounting consulting services for several years. She decided to start her own business in which she could use the knowledge she learned at university, where she studied accounting. With an eye toward improving the quality and quickness of the services she provides, Noralba needs to buy an accounting software program that will help her to improve her work and allow her to improve her income. In this way she can help her parents and achieve her dream of having her own accounting consulting office.
La señora Noralba a sus 34 años de edad se dedica a prestar servicios de asesorias contables desde hace varios años cuando decidió iniciar su propio negocio en el cual pudiera aplicar sus conocimientos adquiridos en al universidad donde estudio contaduría. Con el ánimo de mejorar la calidad y agilidad en el servicio que presta, la señora Noralba necesita de la compra de un software contable que le ayude a realizar mejorar su labor y le permita mejorar sus ingresos y así apoyar a sus padres y cumplir su sueño de tener su propia oficina de asesorias contables.
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.