Jury is a woman who knows what she wants in life and is always focused on the opportunities that lie ahead. She struggles every day to reach her goals. This young woman works in the center of the city selling cell phone covers, a business that succeeded thanks to her dedication and effort. Today Jury is going further. She wants to expand her business, and for this she needs to invest in merchandise. She is requesting a loan to finance said project. Her greatest dream is to be able to improve her quality of life and see her business grow.
Yuri es una mujer que ha tenido claro que es lo que quiere en la vida, con su mirada siempre puesta en las oportunidades que se le presentan, lucha cada día por alcanzar sus metas. Esta joven trabaja en el centro de la ciudad vendiendo carcasas de celular, negocio que logró tener gracias a la dedicación y al esfuerzo. Hoy va más allá, desea expandir su empresa y para ello necesita invertir en más surtido, por lo cual se encuentra solicitando un crédito para financiar dicho proyecto. Su mayor sueño es poder mejorar su calidad de vida y ver crecer su empresa.
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.