Without a large supply of capital, Samuel decided to set up his business, with which he would be able to generate the income necessary to support his household, where he lives with his only son. Samuel has worked for approximately 4 years in his automotive services business, in which he offers lubrication, washing, mounting tires, repairing tires, and oil changes, and thanks to this he has been able to win a large number of customers because of the good service that he offers. In his business, Samuel has placed the hope that this will offer him the opportunity to overcome the great adversities that life has presented him. In addition, he hopes that he will thus be able to offer his son a better quality of life. With the intention of being able to make his work go more smoothly and avoid possible health consequences because of his work, Samuel is seeking a loan that will offer him the opportunity to purchase a machine with which he can do the work of dismounting and mounting tires without having to exert so much force, which is harmful to his health, and which can do it in less time, so that he will thus have the capacity to serve more customers.
Samuel hopes that in this way his income will grow considerably, since he will be able to serve a large number of customers, which he did not have enough time to do in the past. In addition, with the machine he will be able to have a rest from the great efforts that are needed in his business. Samuel dreams of having a large automotive service business and wants to add a shop where he can sell oil and spare parts for cars.
Sin un gran capital Samuel decidió montar su negocio con el cual pudiese generar los ingresos necesarios para el sostenimiento de su hogar donde convive con su único hijo. Samuel se dedica desde hace aproximadamente 4 años a su negocio de montallantas en el cual ofrece los servicios de engrasadero, lavadero, montallantas, vulcanizado de llantas y cambio de aceite, y gracias a esto ha podido captar un gran número de clientes por la buena atención que ofrece. Samuel tiene en su negocio la esperanza puesta de que este le brindará la oportunidad de superar las grandes adversidades que le ha presentado la vida, además que así podrá ofrecer a su hijo una mejor calidad de vida. Con el ánimo de poder hacer su trabajo más ágil, y evitar posibles consecuencias de salud por su trabajo, Samuel busca que un préstamo le brinde la oportunidad de acceder a la compra de una máquina con la cual pueda hacer la actividad del desmontaje y montaje de llantas sin tener que hacer tanto esfuerzo que es perjudicial para su salud y haciéndolo en un menor tiempo y tener mayor capacidad para atender a más clientes.
Samuel espera que de esta manera sus ingresos aumenten considerablemente, pues podrá atender a una gran cantidad de clientes que antes no tenía el tiempo suficiente para hacerlo. Además, con la máquina podrá tener un descanso de los grandes esfuerzos que requiere hacer en su negocio. Samuel sueña con tener un gran negocio de montallantas y quiere adicionar un local donde pueda comercializar aceites y repuestos para autos.
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.
A loan of $575 helped Samuel Anibal to buy a machine with which he can dismount and mount tires without having to make so much effort, which is harmful to his health, and which will do it in less time, so that he can have greater ability to serve more customers.