Paula is a thirty-year-old entrepreneur who is very interested in the beauty sector. Thus, since very young she has been undergoing training and learning how to do different hairstyles and manicures. She puts all her knowledge into practice in her new beauty business, visiting her clients in their homes and providing high quality services. She specializes in ladies' hairstyles, manicure, and pedicure.
She wishes to expand her business by purchasing inputs (dyes and treatments) and tools, which will help her to make her business grow.
Paula emprendedora de 30 años le ha gustado mucho el área de la belleza y es por ello que desde muy joven se ha capacitado y ha aprendido a realizar diversos peinados y arreglos de uñas, en estos momentos afianza y pone en práctica todos sus conocimientos adquiridos en su nuevo negocio de belleza, realizando domicilios para sus clientes con servicios de alta calidad y destacándose en cepillado de cabello dama, manicure y pedicura.
Ella desea ampliar su negocio con la compra de insumos (tinturas y tratamientos), y en la compra de instrumentos los cuales le ayudara al crecimiento del negocio.
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.