The loan will enable her to offer a wider variety of products and provide high-quality service to her customers. Her dream is to move her business forward by providing the best service so that she can improve her sales.
De esta manera podrá ofrecer una mayor variedad de productos, además de ofrecer mayor calidad en la atención a sus clientes. Su sueño es poder sacar este negocio adelante ofreciéndole a sus clientes mejores atenciones para que así mejoren sus ventas.
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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