Blanca is requesting a loan in order to buy personal use products so that she can respond to some of the larger orders she has received from her customers. Her dream is to have a shop where she can relocate her business, improve her working conditions, and increase her sales. She also dreams of providing a better quality of life at home for her husband and their four children.
Su sueño es tener un local donde ubicarse y mejorar las condiciones de trabajo, además de mejorar sus ventas. También sueña con que su esposo y sus 4 hijos tengan una mejor calidad de vida en el hogar.
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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