Iván is a tirelessly determined man who has never surrendered when faced with difficulties. At 53 years of age, he considers himself a dreamer as since the birth of his children he has been concerned with providing them with stability and harmony in the home. To do this he has had to face great challenges such as coming to the city after living for many years in his home town of Cañas Gordas, a municipality that forms part of the department of Antioquia where he used to work on a farm. With the dream of making progress and providing his children with a better future, he moved to Medellín where he currently has a bakery and delicatessen. In his business, range and quality of product make a difference.
He dreams that this progress continues. That is why he is asking for a loan as he does not have the capital necessary to buy a bottle holder, with which to better organize the bottles, making the business more organized and giving it more space and a better appearance.
Iván es un luchador incansable que nunca se ha rendido ante las dificultades, a sus 53 años de edad se considera un soñador, pues desde que sus hijos nacieron se ha preocupado por brindarles estabilidad y armonía en el hogar y para ello ha tenido que enfrentar grandes retos como el de llegar a la ciudad después de haber vivido por muchos años en el pueblo de donde es oriundo, Cañas Gordas, municipio que hace parte del departamento de Antioquia, allí trabajó en una finca y con la ilusión de progresar y brindarle un mejor futuro a sus hijos se trasladó a Medellín, donde actualmente tiene una panadería y salsamentaria, en su negocio la variedad y calidad de sus productos, marcan la diferencia.
Sueña con que este progreso sea continuo, es por este motivo que solicita un préstamo, ya que él no cuenta con el capital necesario para comprar un botellero, en el cual organizar mejor las botellas, dándole al negocio más orden, más espacio, y mejor apariencia.
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.