Lina is an enterprising woman who has worked tirelessly to get her 2 children ahead. At present, she has a store in her house where she offers a wide variety of products. In addition, she also sells fast food. She dreams of having a great variety store where the variety and quality of her products would distinguish her from the competition.
Lina has to stock her store, buying products wholesale and ingredients to prepare the fast food. She doesn't have the capital to invest in her business and that is why she is asking for a loan to buy what she needs to increase her sales, generate more income for household expenses, and proportionally improve her quality of life.
Lina es una mujer emprendedora que ha trabajado incansablemente por sacar a sus 2 hijos adelante, actualmente tiene una tienda en su casa donde ofrece productos de gran variedad y adicional a este vende comida rápida, sueña con tener una gran miscelánea donde la variedad y la calidad de sus productos la diferencien de la competencia.
Lina debe surtir su negocio, comprar productos al por mayor e insumos para la preparación de la comida rápida pero no cuenta con capital para invertirle a su negocio por lo que solicita un crédito con el que comprará lo necesario para incrementar las ventas, generar mas ingresos para los gastos del hogar y proporcionalmente mejorar su calidad de vida.
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.