Daniel Antonio, at 68 years old, is considered a fighter. Since he was 20 he decided to not be defeated by the problems caused by the state. These problems occurred in his birthplace called Urabá. Urabá is a town in the department of Antioquia. He had to leave this town because he was exiled to Medellín. In Medellín he learned a new business, shining shoes. After this, and thanks to desire to progress, he was able to secure a place in the town where he could locate his business. Today his business is in this location. Now he not only shines shoes, but also fixes them and also sells some sweets. This allows him to improve his earnings.
Daniel would like to have a larger location for his business that would have customer recognition. In this place he could sell a greater variety of products. In order to reach his goals he needs a loan. With this loan he will buy a variety of sweets and products to be used to repair shoes. In this way his business will begin to grow and his quality of life will grow also.
A sus 68 años de edad, Daniel Antonio se considera un luchador, que hace 20 decidió no dejarse derrotar por los problemas de orden publico que se le presentaron en su tierra natal Urabá, un municipio que hace parte del departamento de Antioquia, ya que de allí tuvo que salir como desplazado hacia Medellín donde emprendió un nuevo negocio en el cual se desempeñaba como lustrador de zapatos, posteriormente y gracias a sus ganas de salir adelante pudo tener un lugar que le presta el municipio para sostener su negocio y es allí donde hoy en día sigue prestando no sólo este servicio si no que además arregla zapatos y vende algunos dulces que le ayudan a mejorar las ganancias.
Daniel sueña con llegar a tener un establecimiento más grande, que sea reconocido y donde pueda vender gran variedad de productos. Pero para ello necesita un préstamo con el cual pueda comenzar a cumplir este sueño, con él comprara surtido de dulces e insumos para el arreglo de los zapatos, así su negocio comenzará a crecer y su calidad de vida mejorará proporcionalmente
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.