There are women who watch life pass, and there are others who decide to confront head on every situation in their path. This is the case with Maria Nelly, a woman of 46, who, due to her difficult economic situation, is looking for a way to strengthen her business project as a means of support, since she is a single woman. Her greatest desire is to obtain sufficient money to acquire stock and generate income that will allow her to have a better quality of life. To do that, she is turning to a loan that will allow her to realize her dream.
Existen mujeres que ven pasar la vida y otras que deciden enfrentar de frente cada situación que se presenta en el camino, este es el caso de María Nelly una mujer de 46 años que debido a su difícil situación económica, busca la forma de consolidar su proyecto de negocio, como medio de sustento, debido a que es una mujer sola. Su mayor anhelo es obtener dinero suficiente para adquirir surtido y generar ingresos que le permitan tener una mejor calidad de vida, por ello recurre a un crédito que le permita realizar su sueño
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.