Now he wants to be independent and start his business, which is the reason for requesting a loan. He will invest in the purchase of Amway products which he will sell among his neighbours and university classmates.
He dreams of finishing his studies and working, placing his knowledge at the service of the community.
Debido al tiempo que invierte en sus estudios, el horario para laborar es muy limitado por lo cual, el acceso al mundo laboral le ha sido difícil. Hoy desea ser independiente e iniciar con su proyecto de negocio, razón por la que se encuentra solicitando un crédito que invertirá en la compra de productos amway los cuales comercializará entre sus vecinos y compañeros de la universidad.
Sueña con terminar su carrera y ejercer su profesión, colocando su conocimiento al servicio de la comunidad.
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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