She tells us that pastry-making is one of her big passions but, for financial reasons, this dream has always been left to one side. For some months, though, Marcela has been making cakes and tarts on order and this has motivated her to become independent and create her own business. However, she says that she first needs to do training in order to perfect her skills and that is why she is applying for a loan. With the loan, she will pay for training in preparing pastries and cake toppings.
Marcela dreams of having her own pastry shop and becoming the number-one pastry chef in town.
Asegura que la repostería es una de sus grandes pasiones pero debido al factor económico este sueño se vio relegado al olvido. Desde hace algunos meses viene realizando postres y tortas por encargo, lo que la ha motivado a independizarse y crear su propio negocio, pero manifiesta que primero quiere capacitarse para perfeccionar la técnica, razón por la cual se encuentra solicitando un crédito para realizar un curso de preparación de bizcochos y cubiertas.
Sueña con tener una gran repostería y que se constituya como la número uno en su localidad.
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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