Oscar Darío learned to paint and decorate on building sites when he was 16 years old. Since then he has carried out his work with care and commitment. He works from Monday to Saturday, from 8.00am to 6.00pm, or whenever his customers want him to do the work because, as he himself says, the service he provides is very important if he wants his business to prosper as good service will provide him with more loyal customers and this, in turn, will lead to an improvement in his quality of life.
Oscar would currently like to improve his small business and needs a loan which will allow him to do some structural work and strengthen the stock of supplies that he needs to carry out his work. Oscar dreams of increasing his sales day by day and for his business to finally become an inheritance that he can pass down to his children and which will enable him to offer them a better future.
Desde sus 16 años Oscar Darío aprendió a pintar y realizar acabados en obras de construcción labor que desde entonces desempeña con esmero y dedicación de lunes a sábado de 8:00 a.m. a 6:00 p.m. o según el horario que sus clientes requieran, ya que como dice él mismo, el servicio es lo mas importante para que su negocio prospere ya que así serán mas clientes quienes prefieran sus servicios y proporcionalmente su calidad de vida mejorará.
Actualmente Oscar quiere mejorar su microempresa y para ello necesita un préstamo que le permita hacer adecuaciones locativas y reforzar el inventario de insumos necesarios para su trabajo. Oscar sueña con incrementar día a día sus ventas y que su negocio finalmente sea un legado para sus hijos con el cual les podrá ofrecer un mejor futuro.
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.