Marta is looking to improve her production capacity so that she can attend to the orders from her customers. Therefore, she is seeking a loan in order to buy 50 chickens and to repair the coop where they will be raised. Her dream is to have a successful business that will enable her to acquire a house of her own. As a result, she will be able to provide her husband and two children a better quality of life and a more stable home.
Su sueño es tener un gran negocio que le permita conseguir su casa propia y así ofrecerles a sus 2 hijos y su esposo una mejor calidad de vida y un hogar más estable.
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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Success!! The loan was 100% repaid