Justa is a 53 year old woman who is married and has 2 children. Two years ago she started her own store and then opened an internet cafe in her own house. She is a hard-working woman and with a lot of effort has managed to locate her businesses in the area that she lives in and help her family get ahead.
She wishes to invest the loan that she is seeking in the purchase of two flat screen computer monitors, another computer and a printer, with the goal of providing a more complete service to her custormers with up-to-date technology.
Her main goal is to foster growth in her businesses with the goal of increasing sales and increasing their revenue in order to provide a better quality of life for her family.
Justa es una mujer de 53 años de edad, es casada y tiene 2 hijos. Hace 2 años montó su propia tienda y luego abrió una sala de internet en su propia casa. Es una mujer trabajadora y con gran esfuerzo ha logrado posicionar sus negocios en el sector donde reside y sacar su familia adelante. El crédito que solicita lo dese invertir en la compra de dos pantallas planas de computador, otro computador y una impresora, con el fin de prestarle un servicio más completo a sus clientes, con tecnología actualizada. Su principal sueño es hacer crecer sus negocios con el fin de incrementar las ventas y aumentar sus ingresos económicos para brindarle una mejor calidad de vida a 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.