Luis Alberto is married and has 2 children of 3 and 17 years of age. He has always wanted to bring to them a good quality life and to do this he has worked hard in the business of growing flowers. With his salary he can contribute the required earning for his house. Thanks to having acquired a lot of experience in his work, he now is seeking to have his own flower business, something that he has always dreamed of. For this reason, he is seeking a loan that allows him to buy fertilizer and hoses to get ahead by growing his own flowers.
About 10 days ago he planted his first flower seeds in a plot of land that he rented. Thanks to the good handling that he has given the flowers, favorable results are already presenting themselves. His greatest dream is to have his own crops and be able to generate greater earnings than what he currently makes with his job and be able to move his family forward. He also has the dream of having his own house and bringing his family home security.
Luis Alberto se encuentra casado y tiene 2 hijos de 3 y 17 años de edad a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que trabaja fuertemente desde hace mucho tiempo en una empresa de cultivos de flores y con su salario puede aportar los ingresos que se requieren en su hogar. Gracias a que ha adquirido una gran experiencia en el trabajo, ahora busca tener su propio proyecto de cultivos de flores con el que siempre ha soñado, y por esto busca un préstamo que le permita comprar abonos y riegos para sacar adelante su propio cultivo de flores.
Hace aproximadamente 10 días sembró las primeras flores en un terreno que alquiló y gracias al buen manejo que le ha dado este ya viene presentado favorables resultados. Su mayor sueño es llegar a tener su propio cultivo y poder generar más ingresos que los que genera actualmente con su empleo y así pueda progresar con su familia. También tiene el sueño de tener su casa propio y brindar así a su familia una estabilidad en el hogar.
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.