After becoming unemployed and María was desperate for work. Now, thanks to an organisation providing legal loans at fixed rates, María can dream of starting her own business to cover household costs and her son's expenses.
María is applying for a loan in order to start a business selling ice creams, soft drinks, fizzy drinks and snacks. The loan will be invested in buying a door, a rug, decorations, paint, stock, a freezer and display cases.
María's biggest challenge will be gaining customers and establishing her business in a sustainable way for her and her son. She is placing her faith in the loan, which will be a very important step in her life.
Al quedarse desempleada se veía desesperada pero gracias a la ayuda de una entidad que le prestara a cuotas fijas y fuera totalmente legal puede soñar con montar un negocio para sostener los gatos de su hogar y as u hijo.
Solicita un crédito para iniciar su negocio de venta de helados, refrescos, gaseosas, snack, el crédito lo invertirá en la compra de puerta, persiana, decoración, pintura, surtido, congelador y vitrinas).
Su mayor desafío es cautivar la clientela logrando posicionar su negocio y hacer de este un medio sostenible en el tiempo para ella y su hijo por tal razón apuesta todo en este crédito que será uno de los pasos más importantes en su vida
More information about this loan
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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