Nicolas is a young entrepreneur who learnt, thanks to his farther, about many different types of farm work from a very young age. This is why, when he got married and had a child a while back, he decided to start his own business growing fruit and vegetables from which he now makes the income he needs to support his family.Nicolas is now 23 years old and, thanks to his work experience, has managed to start a family, which motivates him to work hard in his business every day.
In order to diversify his sources of income, Nicolas is seeking a loan which will allow him to buy a dairy cow. This will provide him with an additional source of income and allow him to improve his quality of life. In this way, he will be able to continue to grow with his family and keep moving forward, overcoming any difficulties that life may bring him.
Nicolas es un joven emprendedor que desde muy corta edad aprendió gracias a su padre todas las actividades del campo, es por esto que desde hace un tiempo, cuando se casó y tuvo su hijo, decidió montar su propio negocio de cultivo de frutas y verduras y del cual ahora genera los ingresos necesarios para el sostenimiento de los gastos de su hogar. Nicolas ahora tiene 23 años de edad y gracias a su experiencia trabajando ha logrado construir una familia la cual es su mayor motivación para trabajar fuertemente en su negocio todos los días. Debido a que quiere diversificar sus ingresos, Nicolas busca que un préstamo le brinde la oportunidad de acceder a la compra de una vaca lechera de modo que pueda tener una fuente de ingresos adicional y de esta manera su familia pueda tener una mejor calidad de vida.
De esta manera podrá seguir creciendo junto a su familia y cada vez irán progresando para salir adelante superando las adversidades que le ha presentado la vida.
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.