José Dorance has always been characterized as a hardworking and responsible man. He has always made a living in merchandise sales, however, for several years now he has sold fruit.
His business is noted for its cleanliness, orderliness and the good quality of his products. He works with his wife, starting very early in the morning. This business allows him to support his family and give them a better quality of life.
José wants to increase his sales and to do that he needs to have a larger assortment of fruit and make some repairs to the shop to have better distribution. This way his clients will buy a lot more fruit and he will also get new customers.
Jose Dorance siempre se ha caracterizado por ser un hombre trabajador y responsable, siempre se ha dedicado a venta de mercancía, sin embargo desde hace varios años el se dedica a venta de frutas.
Su negocio se caracteriza por el aseo, el orden y la buena calidad de sus productos, él trabaja con su esposa desde muy temprano en la mañana. Este negocio le permite sostener su familia y darles una mejor calidad de vida.
José quiere incrementar sus ventas y para esto necesita tener un surtido mas grande de frutas y hacerle unos arreglos a local para tener una mejor distribución, de esta manera sus clientes compran muchas mas frutas y además tendrá nuevos clientes.
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.