Albeiro, age 40, has devoted himself to the business activity of agriculture for approximately 30 years. His parents devoted themselves to the same business activity. They taught him from a very early age, and he started to work with them.
Thanks to this experience, Albeiro currently has a very good reputation with his customers. He has a good reputation for the good quality of the fruit that he grows. Thanks to this, he has a good business. It provides the income needed to support the household expenses. He lives with his wife and his five children, ages 18, 17, 15, 14, and 7 months.
Thanks to the very good customer orders that he has, Albeiro is looking to a loan to buy natural and chemical fertilizers for his crops. That way he will get good products from his fruit crops in order to respond to his customers’ orders.
This way his business will continue to provide the income needed for his household so that his family will be able to continue having a good quality of life. Also, Albeiro hopes that with improved income he will be able to fulfill his dream of giving his children a better education and of giving the older children access to a college education.
Albeiro tiene 40 años de edad y desde hace aproximadamente 30 años se dedica a la actividad de la agricultura, pues sus padres se dedicaban a esta actividad y desde muy temprana edad se la enseñaron y comenzó a trabajar junto a ellos. Gracias a esta experiencia, Albeiro cuenta acualmente con una muy buena reputación ante sus clientes por la buena calidad de los productos que saca su cultivo de frutas, y gracias a esto tiene un buen negocio el cual le brinda los ingresos necesarios para el sostenimiento de los gastos de su hogar donde convive con su esposa y sus 5 hijos de 18, 17, 15, 14 años y 7 meses de nacido. Gracias a que tiene muy buenos pedidos por parte de sus clientes, Albeiro busca que un préstamo le brinde la oportunidad de acceder a la compra de abonos y fertilizantes para su cultivo y así sacar buenos productos de su cultivo de frutas para responder a los pedidos de sus clientes.
De esta manera su negocio seguirá brindando los ingresos necesarios para su hogar de modo que su familia podrá seguir teniendo una buena calidad de vida. Además, Albeiro espera que con mejores ingresos pueda cumplir su sueño de brindarles a sus hijos una educación de mejor calidad y a los hijos mayores el acceso a una educación universitaria.
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.