Natalia is a 29-year-old who is the owner of an Internet Café located in part of her home. She works there every day. Her business provides a direct job for her.
She is seeking a loan that she will invest in the purchase of a computer and stationery supplies with the purpose of improving the quality of service and increasing her product inventory. She dreams of providing her 9-year-old daughter with the opportunity to receive a good education. She hopes that with this loan her economic position and the quality of life of her family will improve.
Natalia de 29 años de edad, es propietaria de un Café internet ubicado en un espacio de su casa en el cual labora diariamente. Gracias a su actividad genera un empleo directo.
Se encuentra solicitando un crédito que invertirá en la compra de un computador y artículos papelería con el propósito de mejorar la calidad en el servicio y ampliar su portafolio de productos. Sueña con brindarle a su hija de nueve años de edad, la oportunidad recibir una buena educación. Espera que con dicha inversión mejore su condición económica y la calidad de vida de su familia.
This 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.