Diana is 34 years old, single, and studied to be a beautician. Since then she started her own business and provides services in the neighborhood. Diana wants to make improvements to her beauty salon and buy supplies such as tints, creams, brushes, driers, and irons in quantity so she can get high discounts. By investing in her business, Diana will be able to serve her customers and provide an extensive variety of services in her home as well and in her shop, using internationally known products. Diana is hoping to be able to enjoy a greater income with all these improvements.
Diana es soltera, tiene 34 años, desde hace varios años ella estudió una media técnica en belleza y desde entonces inició su propio negocio y presta éste servicio a la comunidad y a las personas de su entorno, Diana sueña con darle mejoras a la sala de belleza y comprar insumos como son tintes, cremas, cepillos, secadores, plancha al por mayor lo cual le permite obtener altos descuentos, al invertir en su negocio Diana tiene la oportunidad de brindarle a sus clientes tanto en su local como a domicilio una gama extensa y variedad en el servicio concernientes al tema de la belleza, de forma actualizada y con calidad en todos sus productos de marcas reconocidas a nivel internacional. Diana busca con todas estas mejoras poder disfrutar más de sus ingresos
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.