From a young age Carlos Enrique learned from his father about farm work and today at 68 years of age he continues carrying out this work in order to have a source of income during this difficult economical time.
Carolos has a dairy cow and some chickens and very early every day he milks the cow and collects the eggs to sell later. However, sales are not always good, and the yield not as much as he hoped for, which is why Carlos Enrique sees the necessity of buying another cow that would allow him to increase his profits.
Well, at his age his only dream is to improve his quality of life, and to continue working with dedication to achieve it, and thus to have a more peaceful life at the side of his wife and his five children.
Desde pequeño Carlos Enrique aprendió de su padre las labores del campo, y hoy a sus 68 años de edad sigue desempeñando esta labor para tener una fuente de ingresos económicos debido a la difícil situación económica, Carlos tiene una vaca lechera y algunas gallinas y todos los días desde muy temprano se va a ordeñar a su vaca y a coger los huevos para luego comercializar estos productos, sin embargo las ventas no siempre son buenas, y la producción no es la esperada, por lo que hoy Carlos Enrique ve la necesidad de comprar otra vaca que le permita generar mas utilidades, pues a su edad Carlos Enrique sólo sueña con tener una mejor calidad de vida, por lo que sigue trabajando con gran dedicación para lograrlo, y así tener una vida mas tranquila al lado de su esposa y sus 5 hijos.
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.