Angela has a business of selling candy, personal use products, and clothing. She also raises pigs. Through these businesses, she is able to generate some income to support her household. Angela has difficulty with accumulating capital, so she is requesting a loan so that she can build a pigpen and buy candy, personal use products, and clothing. This will enable her to continue selling different things to her customers so that she can generate income.
Her dream is to finish the construction of her house so that she can provide her husband and son a better quality of life.
Su sueño es terminar de construir su casa y así poderles ofrecer a su esposo y su hijo una mejor calidad de vida.
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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