Guillermo is married and has six children. He has always wanted to provide them with a better quality of life. It is for this reason that he works hard in his business every day to make enough money to be able to cover the day-to-day expenses of his household. For approximately the last four years he has been making his living as a farmer. He has some plots where he grows vegetables of very high quality; this has earned him a very good reputation among his customers. This has resulted in a steady and continual increase in sales. Wanting to take advantage of the current market prices for his vegetables, Guillermo is seeking a loan that will allow him to buy fertilizer, compost, insecticide and fungicide to improve his crop yields. He will then be able to sell his crops at the best prices currently available.
In this way he will be able to make very good income, which will allow him to bring a very good quality of life his family and progress little by little economically.
Guillermo se encuentra casado y tiene 6 hijos a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que trabaja fuertemente en su negocio todos los días para generar ingresos que sean suficientes para poder sostener los gastos de su hogar. Desde hace aproximadamente 4 años se viene dedicando a la actividad de la agricultura; tiene unos cultivos de verduras los cuales se han caracterizado por ser de muy buena calidad y esto le ha permitido tener muy buena reputación entre sus clientes, lo que ha hecho que sus ventas cada vez vengan en aumento. Queriendo aprovechar el precio que tienen en el mercado sus verduras actualmente, Guillermo busca que un préstamo le permita comprar fertilizantes, abonos, insecticidas y fungicidas para sacar su cultivo adelante y poderlo vender a los buenos precios del momento.
De esta manera podrá recibir un muy buen dinero que le permitirá tener muy buena calidad de vida a su familia y así progresar poco a poco económicamente.
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.