Edison started his business several years ago and it has allowed him to support his partner and small children. His hairdressing salon is in the main park of the municipality of Santuario where he offers all types of salon services.
He wants to buy new furniture and have a larger shop so he can attend to more customers. This would improve his lifestyle and give his family a more stable future so they can carry out their dreams.
Edison inició esta actividad desde hace varios años y con esto a logrado sostener a su compañera y sus pequeños hijos, este negocio se encuentra en el parque principal del municipio de Santuario, allí Edison realiza a sus clientes cualquier tipo de servicio de peluquería.
El quiere tener inmobiliario nuevo y un local mas grande para poder atender mas clientes y así mejorar su calidad de vida, además así le puede ofrecer a su familia un futuro estable y con la posibilidad de realizar sus sueños.
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.