Cesar, 26, is an entrepreneur who decided five months ago to start a business, with the aim of earning additional income to supplement what he receives in his current job. Cesar works during the morning hours in his store, and in the afternoon, leaves someone in charge.
Thanks to the training Cesar has received in his current job, he has been able to improve his store. Cesar wishes to buy stock such as rice, cooking oil, brown sugarloaf, personal hygiene products and home products. He also wants to buy a display case and chairs for his store.
Cesar's dream is to see his business grow, and be well-established in the neighborhood; with the aim of leaving his current half-time job and being able to work full-time in his business. Cesar also hopes to provide his family with a better quality of life.
El señor Cesar a sus 26 años de edad es un emprendedor quien decide hace 5 meses iniciar su negocio con la finalidad de obtener ingresos adicionales a su actual trabajo. El señor Cesar trabaja en su tienda en las horas de la mañana y en la tarde deja a una persona encargada. Gracias a capacitaciones que el señor Cesar ha recibido en su actual trabajo ha podido mejorar su tienda. El señor Cesar desea comprar surtido como arroz, aceite, panela, productos de aseo personal y del hogar, además de una vitrina y sillas para su tienda. El sueño del señor Cesar es ver crecer su negocio y que este posicionado en el sector, con el fin de dejar su actual trabajo de medio tiempo y así poder estar tiempo completo en su negocio, asimismo el señor Cesar espera brindar a su familia una mejor calidad de vida.
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.