Albeiro is a small businessman who, from a very young age, has sold fruits and vegetables in different businesses located in the town of Yarumal, in Antioquia Department. Because of the difficult economic situation his family went through, from childhood he had to learn the law of hard work, which has strengthened him and has allowed him to become an enterprising man who, despite difficulties, has wanted to excel and get ahead in life.
Today, at 25 years old, he is setting out to run his own business, a fruit and vegetable store which has given him the opportunity to be independent and generate income for his family. Albeiro works everyday from 5:30 am until 8:00 pm, and although his workday is long, Albeiro believes that only with responsibility, an enterprising spirit and dedication can he make his dream come true, the dream of turning his fruit and vegetable store into a supermarket that offers his customers a large variety of products so he will be able to build his own house.
Right now Albeiro wants his fruit and vegetable store to have more and more customers, and as a strategy he intends to stock a large variety of products and make some changes to the premises. To do this, he needs a loan because his income is not high enough to cover such an investment.
Albeiro es un microempresario que desde muy pequeño se ha dedicado a vender frutas y verduras en diferentes negocios ubicados en el municipio de Yarumal en el departamento de Antioquia, pues la difícil situación económica por la que atravesaba su familia lo obligaron a conocer la ley del rebusque desde niño, lo que lo ha fortalecido y le ha permitido convertirse en un hombre luchador que a pesar de las dificultades ha querido superarse y salir adelante.
Hoy a sus 25 años emprende un su propio negocio, una legumbrería que le ha dado la oportunidad de ser independiente y generar ingresos para su familia, Albeiro trabaja todos los días de 5:30 de la mañana a 8:00 de la noche y aunque su jornada es larga, Albeiro considera que sólo bajo los principios de responsabilidad, emprendimiento y dedicación puede lograr materializar su sueño de convertir su legumbrería en un supermercado que ofrezca a sus clientes gran variedad de productos y poder construir así su casa propia.
Actualmente Albeiro quiere que su legumbrería cada vez tenga más clientes y como estrategia pretende surtir gran variedad de productos y hacerle algunas adecuaciones a las instalaciones del negocio, para ello necesita de un préstamo debido a que sus ingresos no son suficientes para cubrir dicha inversión.
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.