Margarita is a 25-year-old woman, she is married and she has no children yet. Having always worked for different stores, she has gained an experience in trade activities that has motivated her to establish her own shop. Being a woman with a vision and a resourceful person with a great desire to get ahead in life, Margarita has decided to start her first loan cycle. She will invest the loan in the setting up of a convenience and mobile phones accessories store, and for this she needs to buy assortment and some fixed assets(showcase, computer cases, equipment, chargers, screensavers); on top of this she also has to make improvements in her locale; thanks to this warehouse she wishes to improve the economically difficult period she is actually going through. Margarita dreams of making her activity grow and to relocate it in a place she owns set in a better known and more marketable area, thus succeeding in increasing her sales and in improving her family’s standard of living.
Margarita es una mujer de 25 años de edad, es casada y aún no tiene hijos. Ella siempre ha sido empleada en diversos almacenes, en los cuales adquirió experiencia en la actividad comercial, lo que la motivó a iniciar su propio negocio. Margarita es una persona con visión, emprendedora y con muchas ganas de salir adelante, por eso se motivó a solicitar su primer ciclo de crédito que invertirá en el montaje de un almacén de misceláneas y accesorios para celulares para lo que requiere comprar surtido y activos fijos (vitrinas, carcazas, equipos, cargadores, protectores de pantalla) y adicionalmente hacer mejoras en el local; con este almacén ella pretende mejorar la difícil situación económica que atraviesa actualmente. Margarita sueña con hacer crecer su negocio y trasladarlo a un local propio ubicado en una zona mucho más comercial y reconocida, así podrá aumentar sus ventas y mejorar la calidad de vida de su familia.
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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.
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.