She is requesting this loan to invest in specialized advice to start a business and for design and publicity in order to have a solid base that will allow them to be competent and endure over time.
Her main hope is to become a successful small business owner and have great opportunities to grow within the local market.
Se encuentran solicitando un crédito que invertirán en asesoría especializada para creación de empresa y en diseño y publicidad con el objeto de tener unas bases sólidas que le permitan ser competente y ser perdurable en el tiempo.
Su mayor deseo es convertirse en una microempresaria de éxito y tener grandes oportunidades de crecer dentro del mercado local.
More information about this loan
This loan is part of Interactuar's effort to being innovative and high-quality non-financial products to more borrowers.
In addition to credit, the organization provides training in business management, gastronomy, tourism, marketing, design, sales, and other areas. It also advises borrowers on their new and existing businesses, and its food laboratory helps farmers increase their crop yields. Together, all of these services help borrowers gain new skills and optimize their 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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Success!! The loan was 100% repaid