Thirty-five year old Carlos is a fighter who, due to the poor economic situtation that faced his family, decided to become independent and start his own business where he sells a variety of mens and womens clothing. He works everyday to sell these products to old and new customers.
Carlos is currently responsible for the finances of his family and he works day after day in the hope of providing them with a better quality of life, something which has motivated him to get ahead. However, Carlos is now requesting a loan which will allow him to generously stock his business. This will not only attact more customers thanks to the quantity and variety of his goods, but the quality of his service will also set him apart from the other vendors in the sector.
He dreams of having a store that will generate a steadier income, in turn providing him and his family with the peace of mind of being financially secure.
A sus 35 años Carlos es un luchador que debido a la mala situación económica que enfrentaba su familia decidió independizarse y tener su propio negocio, donde vende ropa de gran variedad para hombres y mujeres, trabaja todos los días ofreciendo estos productos a viejos y nuevos clientes.
Actualmente Carlos responde económicamente por su familia y día a día trabaja con la ilusión de brindarles una mejor calidad de vida, lo que lo ha motivado a salir adelante, sin embargo hoy en día Carlos solicita un préstamo que le permita surtir su negocio generosamente y así no sólo atraer más clientes gracias a la cantidad, y variedad de productos si no también que lo diferencie de otros vendedores que hay en el sector gracias a la calidad en el servicio. Sueña con tener un almacén que le genere ingresos más estables, que le brinde a él y su familia la tranquilidad de tener estabilidad económica.
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.