Carlos is a person that has always been characterized as being very hard-working and looking for better opportunities to offer his wife and his 7 year-old son an improved quality of life. It was because of this that several years ago he gave up his job where he yielded a salary that didn't manage to sustain all of the household expenses, and started his own business selling cleaning products, soft drinks, personal use products and the like. Through this he attained higher earnings and a better quality of life for his family.
Carlos comes from a family that has always had economic difficulties. Due to this, now that he has the opportunity he helps them economically so that they can get ahead and his parents and siblings can progress. Moreover, his wife and son can have better economic opportunities. Intending to respond to the large orders that his clients have made, Carlos is looking for a loan that will allow him to buy cleaning products and products of personal use to respond to the large orders.
In this way he will overcome the difficulty in procuring capital that he has in his business and he will be able to continue satisfying his client's needs. Along with that he will continue to receive the income necessary to sustain his household expenses and continue offering a good quality of life to his wife and his 7 year-old son.
Carlos es una persona que siempre se ha caracterizado por ser muy trabajador y buscar cada vez mejores oportunidades para brindarles a su esposa y su hijo de 7 años de edad una mejor calidad de vida. Fue por esto que desde hace unos años dejó su empleo donde devengaba un salario que no le alcanzaba para sostener todos los gastos de su hogar y comenzó su propio negocio de venta de productos de aseo, gaseosas, productos de uso personal y demás y así logró tener mejores ingresos y su familia una mejor calidad de vida. Carlos proviene de una familia que siempre ha tenido dificultades económicas, y por esto ahora que tiene la oportunidad les ayuda económicamente para que ellos salgan adelante y así puedan progresar sus padres y sus hermanos; además de esto, su esposa y su hijo pueden tener unas mejores oportunidades económicas para progresar. Con el ánimo de responder a unos grandes pedidos que le han hecho sus clientes, Carlos busca un préstamo que le permita comprar productos de aseo y productos de uso personal para responder a los grandes pedidos que le han hecho sus clientes.
De esta manera superará la dificultad de capital que tiene en su negocio y podrá seguir satisfaciendo las necesidades de sus clientes. Además de que seguirá recibiendo los ingresos necesarios para el sostenimiento de los gastos de su hogar y seguir brindando una buena calidad de vida a su esposa y su hijo de 7 años.
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.