Jaqueline is a hard-working young adult who started to work with audio products in a store when she was very young. She acquired a lot of experience there. Thanks to this, one day she decided to set up her own store where she offers audio products like speakers, cassette players, panels and basses among other things. In this way she will generate the income with which she sustains her own expenses and contributes economically so her family will have a better quality of life. At 22 years old, Jaqueline has achieved progress, and she has very good clients in her business, which permits her to have sales that keep growing. Jaqueline is looking for a loan that will allow her to buy some audio products that have been selling out in her business.
Her dream is for her business to progress and permit her to have a better quality of life, as much for her as for her parents. Also, from this she hopes that one day she will be able to buy her own house so her parents will also have a more stable home.
Jaqueline es una joven trabajadora que desde muy joven comenzó a trabajar con artículos de sonido en un almacén y donde adquirió una gran experiencia. Gracias a esto, un día decidió montar su propio almacén donde ofrece productos de sonido como parlante, pasacintas, paneles, bajos, entre otros, y de esta manera genera los ingresos con los cuales sostiene sus propios gastos y contribuye económicamente para que en su hogar tengan una mejor calidad de vida. Con 22 años, Jaqueline ha logrado progresar y en su negocio tiene muy buenos clientes, lo que le permite tener unas ventas que cada vez vienen creciendo. Jaqueline busca un préstamo que le permita comprar algunos artículos de sonido que se han venido agotando en su negocio.
Su sueño es sacar adelante este negocio y que le permita tener una mejor calidad de vida tanto a ella como a sus padres, y además de esto aspira en que algún día logre comprar su casa propia para que sus padres también tengan el hogar más estable.
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.