Víctor is married and has one child. He has a pig breeding business to make an income for his household, with which he can provide a good quality of life for his family.
Before, they had great financial difficulties but with immense efforts he succeeded in getting ahead with his business and increasing the number of pigs for sale. That is why his customers from the community increased over time and he has higher demand. Currently, he has many requests but he does not have the capacity to meet them all.
Because of that Victor is asking for this loan to buy three more pigs. This way he will be able to increase his production capacity to meet all of his customers’ demands.
His biggest dream is to grow with his business and that this will allow him to continue to earn the income to support his household.
Víctor se encuentra casado y tiene 1 hijo, y para generar los ingresos de su hogar tiene su negocio de cría de cerdos con el cual puede brindarle a su familia una buena calidad de vida. Anteriormente tenían grandes dificultades económicas, pero con mucho esfuerzo logró sacar su negocio adelante y poder tener cada vez más cerdos para la venta; esto hizo que los clientes del municipio fueran creciendo cada vez más y pudiera tener más pedidos. Actualmente tiene grandes pedidos y su capacidad de producción no puede responder a todos, es por esto que Víctor busca un préstamo para comprar 3 cerdos y así poder aumentar su capacidad de producción para responder a todos los pedidos que tiene de sus clientes.
Su mayor sueño es crecer con su negocio y que este le permita seguir generando los ingresos con los que sostiene 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.