Eliana is a 25 year old woman, a visionary full of large projects and lots of ideals.
She says that her biggest achievement has been to set up her business because it was a dream that had grown in her heart since her childhood. She considers that this achievement has been the foundation and the motor that drove her to become a businesswoman.
Today she has a video game shop which she hopes to expand. For this reason she is asking for a loan that she will use to buy two televisions and two PlayStation 3s, with the aim of satisfying the demand in the sector. Her biggest wish is to be able to provide her family with a better quality of life and increase her income.
Eliana es una mujer de 25 años de edad, visionaria, llena de grandes proyectos y con muchos ideales. Asegura que su mayor logro ha sido montar su negocio porque fue un sueño que creció en su corazón desde su niñez. Considera que este logro ha sido la base y el motor que la impulsan a convertirse en una empresaria. Hoy tiene una tienda de videojuegos la cual espera expandir. Por esta razón se encuentra en búsqueda de un crédito que utilizará para comprar dos T.V y dos play station 3, con el fin de satisfacer la demanda en el sector. Su mayor anhelo es poderle brindar a su familia una mejor calidad de vida y mejorar sus ingresos.
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.