Albeiro decided to become independent and start working as a laborer 15 years ago. Currently, many people recognize his work and prefer his services because of the quality and efficiency of his work.
Albeiro is the father of two children and his greatest wish is to provide them with a better future which is why he works hard every day in hopes of generating higher income to reach economic stability. His goal is to buy a power drill that will quicken and make his work easier but he does not have the capital needed to buy such a necessary work tool so is asking for a loan with which to buy the drill to provide a more efficient, higher quality work to his customers.
Desde hace 15 años Albeiro decidió independizarse y comenzó a trabajar como obrero, actualmente son muchos los que reconocen su trabajo y prefieren sus servicios por la calidad y efectividad de su trabajo.
Albeiro es padre de 2 hijos y su mayor sueño es brindarles un mejor futuro por lo que día a día trabaja con la ilusión de generar mas ingresos y lograr una estabilidad económica. Su propósito es comprar un taladro de energía que le facilite y agilice su trabajo, pero él no cuenta con el capital para comprar tan necesaria herramienta de trabajo, por lo que solicita un préstamo con el cual comprar el taladro y ofrecerle a sus clientes un servicio mas efectivo y de muy buena calidad.
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.