Because she wants to improve her family's financial situation, Flor is requesting a loan to start up her own business. She wants to have a gift store where she could sell items for special occasions.
Flor's main dream is to become a successful businesswoman. Although she has a lot of plans, she lacks working capital. This is why she is taking a loan, so that she can buy glass display cases, stuffed animals, sales slips, and other items to outfit her business.
Flor says that this is a profitable type of business, and she expects to break even in a year.
Con el fin de mejorar las condiciones económicas en su hogar, Flor se encuentra solicitando un crédito que invertirá en la creación de su propio negocio, una tienda de sentimientos, en donde se comercializará artículos para ocasiones especiales.
Su mayor sueño es convertirse en una microempresaria de éxito, y aunque es una mujer con muchas proyecciones no cuenta con el capital de trabajo, por lo cual recurre a un préstamo para la compra de vitrinas, peluches, esquelas y adecuaciones del mismo.
Asegura en que es un negocio rentable y que el punto de equilibrio podría alcanzarlo en un año.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
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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