Margaret is an enterprising woman. She has owned her own spa for the past 3 years, where she gives body massages as a home service or in a room in her house. She is well known in her neighborhood for the quality of her massages, but above all for her kindness and warmth and her commitment to her clients.
She intends to use the loan to purchase equipment for her work (wood therapy tools, lotions, essential oils, massage bed, thermal blanket, etc) which will improve the quality and variety of the service she offers. This will allow her to increase her sales. She yearns to see her spa grow, to strengthen it and diversify its service so that she may attain her main goal of having a house of her own.
Margaret una emprendedora que desde hace 3 años tiene su propio spa, en el cual hace masajes corporales a domicilio o en una habitación de su casa, muy conocida en su barrio por la calidad de los masajes y sobre todo la calidez humana y el compromiso con sus clientes.
Ella destinara el crédito para comprar equipos de trabajo (Madero terapia, lociones, esencias, camilla, manta térmica, etc.), que mejorara la calidad y la variedad del servicio que ella ofrece, permitiéndole aumentar el nivel de ventas.
Anhela ver su Spa crecer, fortalecerlo y diversificar su servicio, para lograr su objetivo principal que es tener su casa propia
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.