Nelly is a dynamic woman who is always looking for the opportunities for progress that life offers.
She lived in Cali, Colombia, almost all her life, but she had to leave to live in Medellín, Colombia, because of the limited opportunities that her city offered her.
When she arrived at the capital of the department of Antioquia, she dedicated herself to seeking her independence and decided to start her own business. That's how she got started with an internet café.
Up to now, her establishment has been well-received because in the area where it is located, there are no other business of its type; this has been the key to her progress.
She is requesting a loan to buy a security camera and an alarm. This will allow her to have more control over her business, since the neighborhood where the establishment is located is unsafe and she prefers not to put herself at risk.
Her objective is for her business to be well-known and reputable, to offer other services, and satisfy the needs of her customers, who are mostly students.
One of her challenges is the school vacation season, because sales of her services diminish.
Nelly es una mujer dinámica que siempre busca las oportunidades que la vida le ofrece para progresar.
Ella vivió en Cali-Colombia casi toda su vida, pero tuvo que irse a vivir a Medellín-Colombia a causa de las pocas oportunidades que esta ciudad le ofrecía.
Cuando llego a la capital antioqueña se dedicó a buscar su independencia y decidió iniciar con su propio negocio, fue así como empezó con un café Internet.
Hasta el momento ha tenido mucha acogida su establecimiento ya que en el sector donde está ubicado no existen más negocios de este tipo y esto ha sido clave para su progreso.
Ella solicita un crédito para comprar una cámara de seguridad y una alarma, esto le permitirá tener más control sobre su negocio ya que la zona donde se encuentra el establecimiento e insegura y ella prefiere no arriesgarse.
Su objetivo es que su negocio sea reconocido y acreditado, ofrecer otros servicios y satisfacer las necesidades de sus clientes que en su mayoría son estudiantes.
Una de sus dificultades es la temporada de vacaciones escolares ya que disminuye el flujo de venta de sus servicios.
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.