Despite having a business plan laid out, Gloria does not have the economic resources in order to execute her plan. That is why she is requesting a loan. She will invest in the purchase of unrefined whole cane sugar wholesale. She will make herself into a collection center where she sells and distributes this product.
She hopes to reach the break-event point and to be competent in order to remain in the local market.
A pesar tener un plan de negocio trazado, Gloria no cuenta con los recursos económicos para ejecutar su proyecto, por lo cual se encuentra solicitando un crédito que invertirá en la compra de panela al por mayor para convertirse en un centro de acopio en donde se comercialice y se distribuya el producto.
Espera alcanzar el punto de equilibrio y ser competente para permanecer en el mercado local.
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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