Edgar is an individual who has had to go through a great deal of adversity in his life. However, his desire to succeed has allowed him to overcome difficulties and continue moving forward with his family. Edgar is a single parent with three children, as the children's mother abandoned them some time ago.
Because he had to start generating greater income to be able to support the household expenses, Edgar decided to set up his business, where he sells drinks and alcoloholic beverages to his customers.
Edgar had a time with many crises, as his town fell under the influence of armed groups, which for a long time made his sales very low. Thanks to his fortitude, he was able to get through that difficult time, and now he continues to run his business and generate the income he needs for his household.
Because the refrigerator where he stores his business's drinks is in a condition where it needs to be replaced, Edgar is seeking a loan that will offer him the chance to purchase a refrigerator for storing his drinks, because the refrigerator he has now needs to be replaced.
Edgar hopes that in this way he can serve his customers better, as he will be able to offer cold drinks, that he had to stop selling some time ago.
In addition, Edgar hopes that with the extra income, he can offer his family a better quality of life and greater opportunities for progress.
Edgar es una persona que ha tenido que atravesar por muchas adversidades en su vida, sin embargo, sus ganas de salir adelante le han permitido superar las dificultades y continuar progresando al lado de su familia. Edgar es padre soltero de 3 hijos, pues la madre de sus hijos los abandonó hace un tiempo. Debido a que tenía que empezar a generar mayores ingresos con los cuales pudiera sostener los gastos de su hogar, Edgar decidió montar su negocio donde ofrece bebidas y licores a sus clientes. Edgar tuvo un tiempo de muchas crisis, pues su municipio tenía influencias de grupos armados, lo que hacía que sus ventas fueran muy bajas durante un gran tiempo. Gracias a su fortaleza pudo salir de esta dificultad y actualmente sigue atendiendo su negocio y generando los ingresos necesarios para su hogar. Debido a que el refrigerador donde guarda las bebidas de su negocio se encuentra en un estado donde ya requiere ser remplazado, Edgar busca que un préstamo le brinde la oportunidad de acceder a la compra de un refrigerador para poder guardar sus bebidas, debido a que el refrigerador que tiene actualmente ya requiere ser reemplazado.
Edgar espera que de esta manera pueda generar mejor atención a sus clientes, pues podrá ofrecer bebidas frías que hace un tiempo tuvo que dejar de ofrecer. Además, Edgar espera que con ingresos extras pueda ofrecerle a su familia una mejor calidad de vida y mayores oportunidades de progreso.
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.