Dario worked for a long time as a farmer, however due to health problems stemming from this work, he was obligated to leave it aside. Nevertheless, given the need to generate an income to support his home, where he lives with his wife and three children, he decided to start a store where he sells liquor to his customers. Thanks to this business he has continued generating earnings to support his family without affecting his health. Although when he started his business, he did so with very little capital, Dario has been working very hard to move his business forward and this has allowed the quality of life in his home to improve more and more. Looking to overcome the problem of lack of capital, Dario is requesting a loan to purchase liquor and stock his business with inventory which has been sold out.
His dream is to continue with this business as long as his health permits and thanks to this he will be able to move his three children forward by providing them with a good quality education.
Dario trabajó durante mucho tiempo la actividad de la agricultura, pero debido a problemas de salud que le generaba esta actividad, se vio en la obligación de dejarla a un lado. Sin embargo, dada la necesidad de generar ingresos para poder sostener su hogar donde convive con su esposa y sus 3 hijos, decidió montar una tienda donde vende licor a sus clientes; gracias a este negocio ha seguido generando ingresos para poder sostener su familia y así no afecta sus problemas de salud. A pesar de que cuando comenzó su negocio lo hizo con muy bajo capital, Dario ha venido trabajando fuertemente para sacar su negocio adelante y esto ha permitido que la calidad de vida en su hogar mejore cada vez más. Buscando superar la dificultad de capital que tiene, Dario busca un préstamo para comprar licores y surtir su negocio de las bebidas que ya se han ido agotando.
Su sueño es seguir con este negocio hasta que su salud se lo permita y gracias a este poder sacar sus 3 hijos adelante brindándoles una educación de buena calidad.
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.