Her greatest wish is to equip her beauty salon at the suggestion of her customers. For this reason, Laura is requesting a loan so that she can invest in shelves and supplies. Her goal is to increase her sales and to improve her living conditions.
Su mayor sueño es poder adecuar su salón de belleza, debido a que sus clientes se lo han sugerido, por esta razón se encuentra solicitando un crédito que invertirá en la compra de estanterías e insumos con el propósito de aumentar sus ventas y mejorar su condición de vida.
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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