Johana has made a living in the business of games console rooms for approximately the past two years, a job she learnt from her husband as he sells video games. With this business she has the opportunity to support her household economically so that together with her husband they can give their 7 year old son a good quality of life. Thanks to her husband's occasional free time he helps Johana in the business and she can cater to all her customer demands, which are growing rapidly. This is why she has the problem of lack of capital. Johana is looking for a loan in order to buy a television and two games consoles in order to respond to customer demand.
Her dream is to be able to have a large business which allows her to generate sufficient income to have her own house for her family and also to give her son a good future.
Johana lleva más o menos 2 años con su negocio de sala de videojuegos el cual aprendió a trabajar gracias a que su esposo comercializaba videojuegos. Con este negocio tiene la oportunidad de aportar económicamente en su hogar para que junto con su esposo puedan brindar una buena calidad de vida a su hijo de 7 años de edad. Gracias a que su esposo tiene tiempos libres a veces, le puede ayudar a Johana en el negocio y así puede atender a toda la demanda de sus clientes la cual está creciendo rápidamente, es por esto que como tiene dificultades de capital, Johana busca un préstamo para comprar un televisor y 2 consolas de videojuegos para poder responder a las demandas de sus clientes.
Su sueño es poder tener un gran negocio que le permita generar ingresos suficientes para poder tener una casa propia para la familia y también brindarle a su hijo un buen futuro.
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.