Leonardo has worked at his billiards business for about 12 years. Leonardo is married and the father of 2 children, who he has wanted to provide with good quality education. Leonardo attends to his business every day, enthusiastic to earn a good income for his family. He is constantly looking to offer new services to his customers. Leonardo wants to put a game machine in his pool hall in order to attract more customers and earn more income for his family. To be able to make this purchase, Leonardo hopes to take out a loan.
Leonardo hopes that the game machine will increase his sales and generate more income, which would allow his family to enjoy a better quality of life. Leonardo’s dream is to have a large business where he can attend to a large number of clients. He also hopes to create jobs to employ the most vulnerable people in his municipality.
Leonardo se dedica a su negocio de billares desde hace aproximadamente 12 años. Leonardo se encuentra casado y es padre de 2 hijos a quienes les ha querido brindar una educación de calidad. Leonardo atiende su negocio todos los días con el ánimo de poder generar buenos ingresos para su hogar y constantemente está buscando ofrecer nuevos servicios para sus clientes. Actualmente, Leonardo quiere colocar una máquina de juegos en su billar, para poder así atraer más clientes y generar mayores ingresos para su hogar. Con el ánimo de hacer esta compra, Leonardo aspira a que un préstamo le brinde la oportunidad de acceder a la compra de una máquina de juegos para colocar en su negocio de billares.
Leonardo espera que de esta manera su negocio aumente las ventas y de esta manera genere mayores ingresos para su hogar para mejorar la calidad de vida de su familia. Leonardo sueña con tener un gran negocio donde pueda atender a una gran cantidad de clientes y pueda generar empleo para las personas más vulnerables de su municipio.
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.