Dolores, 68, is a woman who loves to work. For several years she has been running a shop that took her years of hard work to establish. She first got into business by selling ice cream and cakes from home, but eventually saved enough money to open a gift shop.
In order to renovate the shop, she is requesting a loan to make repairs and improvements so she can guarantee optimum service. Her goal in life is to enjoy her family, live a peaceful life and not have to worry about financial issues.
Dolores, tiene 68 años de edad y es una mujer a la que le sobran ganas de trabajar. Cuenta con un almacén desde hace algunos años, negocio que construyó con el fruto de su arduo trabajo, Inició su actividad comercial con la venta de helados y tortas desde su casa. Posteriormente con sus ahorros decidió montar un almacén dedicado a la venta de artículos varios.
Con el fin de adecuación su negocio, se encuentra solicitando un crédito que invertirá en reparaciones y mejoras a la planta física garantizando de este modo un servicio de calidad.
Su mayor sueño es compartir con su familia, gozar de una vida tranquila y sin preocupaciones económicas.
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.