His business project is basically providing internet and photocopying services, selling minutes, and selling stationery items.
He will use the loan to adapt the place and to buy stock. He hopes to be able to be well-received and to grow, which will allow him to expand within the sector.
Su proyecto de negocio se basa fundamentalmente en la prestación del servicio de Internet y fotocopiadora, venta de minutos y artículos de papelería.
Con el crédito adecuará el local e invertiría en la compra de surtido.
Espera poder tener una buena acogida y obtener un crecimiento que le permita expandirse dentro del sector.
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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