With the desire to make progress, Blanca wants to buy merchandise in bulk so that she can generate better earnings. However, she does not have the necessary capital to accomplish this. She is requesting a loan so that she can buy more sodas, beer, candies, and snacks. As a result, her income will increase and her quality of life will improve considerably.
Con el anhelo de progresar, blanca quiere comprar mercancía en mayor cantidad para obtener mejores ganancias pero no cuenta con el capital necesario para hacerlo, por lo que solicita un crédito que le permita comprar mas gaseosas, cervezas, dulces y snaks, así sus ingresos se incrementaran y su calidad de vida mejorará notablemente
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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