Not sure there is a terminal emulator (or even ssh client) included in this... for the client I'm sure you can find it (but the ssh client won't talk to a framebuffer). Over at the Kindle forum there is a terminal emulator and some people made an effort to get fbterm to work...
I'm not sure what I would do if I wanted to display a terminal on the Kobo screen... I can already display PNG images (pngshow, in my github) so maybe... run something in xvfb, take screenshots and display those?
You could run it in the browser with JavaScript (my WebPortal mod has some apps but no terminal really) but you'll probably get drowned in display refreshes...
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