Now, she’s purchased her own house and wants to start again independently so wants to set up her Internet café again since she has available space and won’t have to pay rent. This motivates her to request a loan because she needs to buy computers, tables, chairs, printers and also needs to finish doing the physical modifications to the site to start her productive project from which she hopes to get good results while at the same time being able to do her household chores.
Ana’s a driven, active, enterprising woman. Her self-improvement spirit push her to get ahead always. Motivated by her children she rises daily to continue to strive to give them better well-being. She dreams in future to open several branches of her Internet café alternating it with a shoe and clothing store. But she’s well-aware that to accomplish this she must work hard with dedication and focus for only this way will she be able to improve her immediate family’s quality of life.
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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.
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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