Paola is an active and determined woman. She intends, in the future, to stand out in her field by strengthening her business and opening pathways to other points of sale. All this would guarantee her favorable financial stability so she could offer her son a better sense of well-being and a better quality of life.
Paola es una mujer activa y perseverante y se proyecta para un futuro logrando un reconocimiento en el medio, fortaleciendo su negocio y abrirse camino para montar otros puntos de venta, que le garanticen una estabilidad económica favorable para brindar a su hijo un mejor bienestar y calidad de vida.
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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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