Flavio is hard-working and has always looked for ways to provide a better standard of living for his wife and their 2 children. Previously, Flavio was a public service worker, however, he was left unemployed when a re-structuring meant that his job became obsolete. Since then, Flavio used his redundancy pay to set up a stationery shop so that he could continue to earn an income for his family. It has now been approximately 6 years since he made this decision, and since then he has worked diligently to ensure the success of his business and to ensure that he can continue to offer his family a better standard of living.
Flavio has increased his level of sales as it is the start of the school year; however, due to a lack of capital, his business is not sufficiently well-stocked to face the year ahead. Consequently, Flavio is applying for a loan which will enable him to invest in buying stationery items, such as exercise books, card, books, and pens and pencils among other items, so facing the coming school year with sufficient stock.
Flavio hopes that his earnings will be considerably increased and that he will be able to improve his wife and children's quality of life. Furthermore, Flavio hopes that his children will have access to a high-quality education and better opportunities for economic progress.
Flavio es una persona muy trabajadora que siempre ha buscado alternativas para brindarles a su esposa y sus 2 hijos una mejor calidad de vida. Flavio anteriormente trabajaba como empleado público, sin embargo, una reestructuración suprimió su cargo y quedó desempleado. Desde entonces, Flavio montó una papelería con su liquidación y pudo así seguir generando los ingresos para su hogar. Hace ya aproximadamente 6 años desde que Flavio tomó esta decisión, y desde entonces sigue trabajando fuertemente con el ánimo de sacar su negocio adelante y con el ánimo de ofrecerle a su familia cada vez una mejor calidad de vida. Gracias a que es inicio de temporada escolar Flavio aumenta sus ventas en su negocio, sin embargo, por falta de capital su negocio no esta muy bien surtido para afrontar la temporada. Es por esto que Flavio busca un préstamo que le brinde la oportunidad de acceder a la compra de productos de papelería como cuadernos, cartulinas, libros, lapiceros, entre otros, y afrontar con buen surtido el inicio de la temporada escolar.
Flavio espera que sus ingresos aumenten considerablemente y pueda así mejorarles la calidad de vida que tienen su esposa y sus 2 hijos. Además, Flavio sueña con que sus hijos puedan acceder a una educación de calidad y a mejores oportunidades de progresar económicamente.
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.