With the hope of seeing her business grow, she plans to buy a refrigerator so that she can store her inventory. She will also invest a good amount of operating capital in the purchase of a large quantity of merchandise so that she can generate more profits and see her dream of having a better future materialize. At the moment, Amparo does not have the capital that will facilitate her progress and give her the opportunity to improve her financial situation.
Con la ilusión de ver crecer su negocio Amparo sueña con comprar una nevera donde almacenar su surtido e igualmente invertir un buen capital de trabajo para comprar surtido en gran cantidad con lo que podrá generar más utilidades y paso a paso ir volviendo su sueño de tener un mejor futuro realidad. Sin embargo Amparo hoy en día no cuenta con ese capital de inversión que le facilitará su progreso y le brindará la oportunidad de mejorar su situación económica
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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