With the dream of being independent and making his own money, this young man is betting on his business idea, which is why he is requesting a loan that he will use to purchase inventory.
He dreams of growing within the local market, gaining experience, and expanding to a regional level.
Con el sueño de ser independiente y generar sus propios ingresos, este joven le apuesta a su idea de negocio por lo cual se encuentra solicitando un crédito que invertirá en la compra de surtido.
Sueña con crecer dentro del mercado local, adquirir experiencia y expandirse a nivel regional.
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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