Orlando is a tenacious, persevering person who is determined to get ahead in life without allowing himself to be defeated by the difficulties and problems that fate put in his path. Orlando has been living in the city of Medellín for six years. Owing to the violence, he was forced to move from the city of Granada, in Antioquia department, together with his ex-wife. Now, at 55 years of age, he has set up a delicatessen / ice-cream parlor in which he works together with his new significant other with whom he lives.
This small businessman makes very good income as his is the only business of this type in the neighborhood where he currently lives with his partner and two small children. Orlando is currently requesting a loan to invest in stocking his business. He will buy a larger quantity of stock so that he is prepared for the end-of-year season when his sales increase considerably. This will enable him to achieve his dream of having a better-stocked business which makes him more profits. This will allow him to provide work for other people who need it, improve his personal income and provide for his family and children's well-being and education.
Orlando es una persona luchadora, perseverante y decidida a salir adelante sin dejarse vencer de las dificultades y problemas que el destino le ha hecho vivir, desde hace 6 años vive en la ciudad de Medellín a causa de la violencia, que lo obligo a emigrar ó desplazo del municipio de Granda en el departamento de Antioquia en compañía su ex – esposa. Actualmente a sus 55 años de edad creo un negocio que es una salsamentaría y heladería el cual labora en compañía de su nueva compañera sentimental con la cual vive en unión libre.
Esta microempresa le genera muy buenos ingresos ya que es la única en el barrio donde viven actualmente con sus 2 pequeños hijos. Actualmente Orlando solicita un crédito para invertir en surtido y comprar mayor inventario para estar preparado para la temporada de fin de año, donde sus ventas aumentan considerablemente, y poder lograr su sueño de tener un negocio mas surtido y con mejores activos haciendo que esto le permita, generar empleo a otras personas que lo necesiten y mejorar sus ingresos personales y poder brindar bienestar y estudio a su familia e 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.