From a very early age, Gustavo has transported materials. His family has made a living this way for several generations. Thanks to this, Gustavo has a great knowledge in the city, and this lets him make good sales. Gustavo works hard every day with the motivation of taking good care of his wife and 6-year-old son. His wife is also 8 months pregnant. With Gustavo's job, he generates the necessary income for his home, and he offers his family a good quality of life. He transports merchandise in a horse-drawn cart, but he faces the problem of his horse being sick. This is why he is looking for a loan that will offer him the opportunity to buy a horse and maintain his cart.
Gustavo hopes that in this way, his monthly income won't be affected by buying a new horse, and he will be able to keep generating the income that he needs to support his home. Gustavo's dream is to be able to keep making income for his family, to have his own home in the future, and to take good care of his children.
Gustavo se ha dedicado desde muy temprana edad a la actividad del transporte de materiales, pues su familia se ha dedicado a esta actividad durante varias generaciones. Gracias a esto, Gustavo tiene un gran reconocimiento en el municipio y eso le permite tener muy buenas ventas. Gustavo se esfuerza en su trabajo diariamente con el ánimo de sacar a su esposa y su hijo de 6 años adelante, además de que su esposa se encuentra en el octavo mes de embarazo. Con el trabajo que tiene Gustavo genera los ingresos necesarios para su hogar y con esto le brinda a su familia una buena calidad de vida. Transportando las mercancías en un coche arrastrado por un caballo, se le ha presentado el problema de la enfermedad de su caballo, es por esto que busca que un préstamo que le brinde la oportunidad de acceder a la compra de un caballo y realizar mantenimiento a su coche.
Gustavo espera que de esta manera sus ingresos mensuales no se vean afectados por la compra de un nuevo caballo, y así poder seguir generando los ingresos que requiere el sostenimiento de su hogar. Gustavo tiene el sueño de poder generar buenos ingresos para su familia y conseguir en un futuro su propia casa y sacar a sus hijos adelante.
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.