Due to the poor quality of life that he had while he worked milking cows or carrying bags in his municipality, Alejandro had the dream of setting up his own business. With that business he would be able to improve his working conditions, and he would get better income for himself.
That was how he established his general store, where he sells all types of basic needs products. Thanks to the store he generates the income he needs to support his household. Alejandro provides his customers with good service. This is the characteristic that has allowed him to gain a large number of customers in his business. He has also been able to have good levels of sales, and thankfully, his business has been growing.
Alejandro seeks a loan to buy basic needs products to stock his business and offer a greater variety of products to his customers. Alejandro hopes that he will be able to stock his business, and that his customers will find it more enticing. This way he will be able to increase the number of customers he has and, therefore, increase his income.
Also, Alejandro hopes that with greater income his family will be able to enjoy a better quality of life and have greater financial opportunities to advance.
Debido a la poca calidad de vida que podía gozar mientras desempeñaba su trabajo ordeñando vacas o cargando bultos en su municipio, Alejandro tenía el sueño de montar su propio negocio con el cual pudiera mejorar las condiciones de su trabajo y con el cual tuviese una mejor remuneración por el mismo. Fue así como montó su tienda general en la cual ofrece toda clase de productos de la canasta familiar y gracias al cual genera los ingresos necesarios para el sostenimiento de su hogar. Alejandro ofrece una buena atención a sus clientes y esta característica es la que le ha permitido captar un gran número de clientes en su negocio y poder tener muy buenos niveles de ventas. Gracias a que el negocio ha ido creciendo, Alejandro busca que un préstamo le brinde la posibilidad de acceder a la compra de productos de la canasta familiar para surtir su negocio y ofrecer mayor variedad de productos a sus clientes.
Alejandro espera que de esta manera pueda surtir su negocio y sus clientes encuentren más atractivo el mismo, de modo que pueda aumentar la cantidad de clientes y por ende sus ingresos. Además, Alejandro espera que con mayores ingresos su familia pueda gozar de una mejor calidad de vida y mayores oportunidades económicas para su 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.