5 years ago Herney established his greengrocer business which offers excellent fruit and vegetables to his customers. Through this business he is able to provide for his family, which consists of his partner and two children.
Herney dreams of improving the quality of life for his family and wants to offer a better future for his children. He wants to expand and adapt his business so that his customers feel more comfortable and have more variety to choose from.
Herney desde hace 5 años monto su negocio de legumbrería donde ofrece unas excelentes frutas y verduras a sus clientes, con este negocios el consigue el sustento diario para su familia que está conformada por su compañera y sus dos hijos.
El se sueña mejorar la calidad de vida de su familia, además de poder ofrecerles un futuro mejor a su hijos, para esto el quiere ampliar su negocio y adecuarlo para así sus clientes se sientan mas cómodos y mayor variedad.
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.