Esau is a person who has always been known for being very hard-working and always wanting to offer his family a good quality of life. He learned the business of repairing motorcycles from an early age. Thanks to this, he obtained work in a motorcycle workshop.
Subsequently he decided to set up his own workshop, and with this he has succeeded in generating greater income to offer his two children a better quality of life. This is because his workshop has many good customers who often ask them to do work.
Esau is seeking a loan that will allow him to carry out site improvements at his workshop, in order to fit-up a space where he can place two new machines. This will enable him to offer a new service to his customers.
In this way, his sales will increase considerably, as he will be able to meet one more customer need. In addition, he hopes that with better income his family can have a better quality of life. Esau dreams of his workshop allowing him to offer his two children access to a better quality education.
Esau es una persona que siempre se ha caracterizado por ser muy trabajador y siempre querer brindar una buena calidad de vida a su familia. La actividad de le reparación de motos la aprendió desde temprana edad y gracias a esto consiguió trabajo en un taller de motos; posteriormente decidió montar su propio taller y con esto ha logrado generar mayores ingresos para brindarles a sus 2 hijos una mejor calidad de vida. Gracias a que en su taller tiene muy buenos clientes los cuales les demandan mucho su trabajo, Esau busca que un préstamo le permita realizar mejoras locativas en su taller para poder adecuar un espacio donde pueda colocar dos máquinas nuevas y así poder ofrecer un nuevo servicio a sus clientes.
De esta manera sus ventas aumentarán considerablemente, pues podrá satisfacer una necesidad más a sus clientes. Además, espera que con mejores ingresos su familia pueda tener una mejor calidad de vida. Esau sueña con que su taller le permita brindar a sus 2 hijos el acceso a una educación de mejor calidad.
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.