Yamid Alejandro is a 33-year old small businessman who dreams of providing his two children with a better life. He works every day selling shoes to his neighbors and other clients. He enjoys his work as a salesman, and he is good at his job. Currently, Yamid hopes to increase his sales and thus fulfill his family's needs. However, he doesn't have enough capital to make wholesale purchases of his merchandise. The loan will help his business progress and increase his earnings. His dream is to one day have a large store that is known for a variety of products and good customer service. This dream is what drives him to wake up in the morning and start building little by little towards fulfilling that dream.
Yamid Alejandro es un microempresario que a sus 33 años de edad sueña con sacar a sus 2 hijos adelante y brindarles un mejor futuro, trabaja todos los días vendiendo zapatos a vecinos, allegados, y buenos clientes, pues reconoce que le gusta vender y hace muy bien esa labor, , actualmente Yamid espera poder ampliar las ventas para así generar mas ingresos que le permitan suplir las necesidades que su familia presenta, sin embargo no cuenta con el capital suficiente para comprar mercancía al por mayor y generar mas utilidades, motivo por el cual solicita un crédito que le ayude a aumentar sus ingresos y a que su negocio progrese. Pues su sueño es llegar a tener un gran almacén que sea reconocido en el sector por su variedad de productos y el buen servicio, por lo cual cada mañana se levanta con la ilusión de ir construyendo poco a poco su sueño.
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.