Martín is a fighter who has worked distributing beverages for six years in the city of Angostura in the department of Antioquia. His main goal since his three children were born has been to give them a better future. He works with dedication to give good service, cut the delivery time, and deliver the soda, beer, and bottled water in the best condition.
He is an enterprising man who dreams about being recognized in his sector. He wants his business to progress and generate more income for him to improve the difficult economic situation that his family faces. With the hope that his business might progress, Martín wants to buy merchandise wholesale to earn more profit.
Martín doesn't have the capital necessary to make these purchases, so he is requesting a loan to invest in soda, beer, and water in large quantities.
In this way he will generate more income, his sales will improve, his business will be able to position itself, and he will see his quality of life benefit proportionately.
Martín es un luchador que desde hace 6 años se dedica a la distribución de refrescos en el municipio de Angostura del departamento de Antioquia, su mayor propósito desde que sus 3 hijos nacieron ha sido ofrecerles un mejor futuro, trabaja con empeño para prestar un buen servicio, acortar los tiempos de entrega y que las gaseosas, cervezas y agua en botella que distribuye lleguen en el mejor estado, es un emprendedor que sueña con ser reconocido en el sector, que su negocio progrese y que le genere mas ingresos para mejorar la difícil situación económica que enfrenta su familia.
Con la ilusión de que su negocio progrese Martín quiere comprar mercancía al por mayor para obtener mas utilidades, pero no cuenta con el capital necesario para hacer dichas compras, por lo que solicita un préstamo que invertirá en gaseosas, cervezas y agua en grandes cantidades, así generará más ingresos, las ventas mejorarán, su negocio logrará posicionarse y proporcionalmente su calidad de vida se verá beneficiada.
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.