Huber is a very hard-working person, and he has always wanted to generate his own income. That is why, at a very young age, he started working with his father in the carpentry shop that he had. He later managed it personally.
Huber is now married and has a two year old daughter. He has always wanted to give them a good quality of life. Huber is known, thanks to his father as much as himself, for always offering very good quality work. Thanks to this Huber has a lot of customers who place very good orders with him.
Huber currently has a very large order from one of his customers. He needs to buy to raw material to be able to manufacture it. However, Huber does not have much available money. That is why he has the hope that a loan will give him to opportunity to buy materials like wood, glue, and nails, among others in order to produce the order his customer has made.
Huber hopes that this way he will be able to continue generating the needed income to support his family and to be able to improve their quality of life. Also, he dreams that his family will be able to enjoy improved financial means. He dreams that in the future his daughter will be able to have a good quality education.
Huber es una persona que se ha caracterizado por ser muy trabajadora y siempre querer generar sus propios ingresos, es por esto que desde muy temprana edad empezó a trabajar con su padre en la carpintería que este tenía, y posteriormente pasó a manejarla directamente. Actualmente Huber se encuentra casado y es padre de una hija de 2 años a quienes siempre les ha querido brindar una buena calidad de vida. Huber es reconocido gracias a que tanto su padre como el, siempre han ofrecido trabajos de muy buena calidad, y gracias a esto Huber tiene una gran cantidad de clientes que le hacen muy buenos pedidos. Actualmente Huber tiene un pedido de un cliente suyo muy numeroso, por lo que requiere comprar materia prima para poderlo elaborar, sin embargo, Huber no cuenta con mucho dinero disponible, por lo que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de materiales como madera, pegante, clavos, entre otros para la elaboración de un pedido que le ha hecho un cliente.
Huber espera que de esta manera pueda seguir generando los ingresos necesarios para el sostenimiento de su familia y poder mejorarle la calidad de vida. Además, sueña con que su familia pueda gozar de mejores capacidades económicas y su hija en un futuro pueda ingresar a una educación de buena calidad.
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.