Alirio has had to overcome many adversities in his life, but without a doubt, he has always had enough strength to move on and continue making progress alongside his family. After looking in different regions of his country for opportunities to work, he arrived in the municipality where he currently resides, and there he was able to open a general store where he sells everyday goods.
Thanks to this business, he makes enough income to support his family, and therefore he always looks after the store in the best possible manner so that his business will continue to grow and have more customers. Because he started his business with very little capital, he doesn't have enough variety in the products he offers to his customers, and for this reason, he is seeking a loan that will allow him to buy everyday goods to offer his customers a greater variety of products and thus be able to have higher sales.
His dream is to turn his business into a corner grocery store where where he will be able to offer employment to others and also be able to offer his family economic stability and a better quality of life.
Alirio ha tenido que atravesar por muchas adversidades en la vida, sin embargo siempre ha tenido la fortaleza suficiente para salir adelante y continuar progresando junto con su familia. Luego de buscar por diferentes regiones del país oportunidades laborales, llegó al municipio donde actualmente reside y allí tuvo la oportunidad de montar una tienda general donde ofrece productos de la canasta familiar. Gracias a este negocio genera los ingresos suficientes para poder sostener los gastos de su hogar, por esto siempre lo atiende de la mejor manera posible para que su negocio siga creciendo y cada vez tenga más clientes. Debido a que su negocio lo montó con muy bajo capital, no cuenta con suficiente variedad de productos para ofrecer a sus clientes, es por esto que busca que un préstamo le permita comprar productos de la canasta familiar para ofrecer a sus clientes una mayor variedad de productos y así poder tener unas mejores ventas.
Su sueño es llegar a tener un minimercado donde pueda generar empleo para las demás personas, además de poder brindar a su familia una estabilidad económica y una mejor calidad de 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.