For this reason, he wants to ask for a loan to start an internet cafe business, offering an opportunity to young people of limited means to have access to this global tool. He has pinned his hopes on getting ahead with this business: it will be his chance to pay for tuition to a university. With the loan, he will be able to buy computers and a glass showcase with which he can formally start up his business.
A sus 24 años de edad sabe que ya es todo un hombre y como tal debe aportar para la casa por eso quiere solicitar un crédito para iniciar un negocio de sala de internet ofreciendo una oportunidad a jóvenes de escasos recursos tener acceso a esta herramienta global, deposita todos su seños de salir adelante en este negocio pues será la oportunidad de pagarse una universidad real.
Con el crédito podrá comprar computadores, una vitrina con la que iniciara formalmente su empresa
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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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