Luis Eduardo is married and has four children. The source of income for his household is the cultivation of vegetables, work that he has been doing for over 30 years. He learned this business activity from his parents. They taught him this work so that he could work by their sides at a very early age.
Now, thanks to all of this experience, he is known for having very good quality products. Therefore, he gets more customers. This allows him to have better sales in order to have improved income for his household.
The winter has caused his crops to deteriorate quite a lot. That is why he is looking for a loan to buy fertilizers, insecticides, and fungicides. This way he will re-fertilize his vegetable crops. In this manner he will be able to have good quality crops and overcome the adverse climate that has caused these products to deteriorate.
His biggest dream is to continue working with his crops and to have better income for his household. He wants this in order to give his household a better quality of life.
Luis Eduardo se encuentra casado, tiene 4 hijos y la fuente de ingresos para su hogar es un cultivo de verduras que ha trabajado durante más de 30 años. Actividad que aprendió de su padre quien desde muy temprana edad se la enseñó para que trabajara a su lado, y ahora gracias a toda esta experiencia es reconocido por tener productos de muy buena calidad y por esto sus clientes cada vez aumentan, permitiéndole tener mejores ventas para tener mejores ingresos para su hogar. El invierno ha hecho que su cultivo se deteriore bastante, y por esto busca un préstamo para comprar abonos, insecticidas y fungicidas y así reabonar sus cultivos de verduras.
De esta manera podrá tener en su cultivo productos de buena calidad y superar la adversidad del clima que ha hecho que sus productos se deterioren. Su mayor sueño es seguir creciendo con su cultivo y así tener mejores ingresos para su hogar para brindar una buena calidad de vida en su 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.