Julio Cesar is a tenacious person who has always wanted to provide the best possible quality of life for his parents. For this reason, he's been seeking a way to generate more income for the household, and in this way ensure that his income is not only dependent upon what he earns as an employee. Since he previously had learned about animal husbandry, Julio Cesar wants to invest in some animals so that he can have economic stability, since his job is very unstable. Julio Cesar's dream is to be able to save enough money to earn a university degree, and in this way improve the quality of life for his parents.
Julio Cesar es una persona luchadora que siempre ha querido ofrecerles una mejor calidad de vida a sus padres, es por esto que se encuentra en la búsqueda de poder generar mayores ingresos para su hogar y de esta manera lograr que sus ingresos no solo dependan de su empleo. Gracias a que anteriormente ha conocido la actividad de la ganadería, Julio Cesar desea invertir en unas especies que le permitan tener una seguridad económica ya que su empleo es muy inestable. El sueño de Julio Cesar es poder ahorrar dinero para estudiar una carrera universitaria y así mejorarles la calidad de vida a sus padres.
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.