Orlando is married and has three children, who he is able to provide with a good quality education thanks to his business raising pigs. Through his business, he has managed to provide his family with a respectable life. He began his business four years ago because he had previously worked in a place he had to leave due to circumstances beyond his control. He found the opportunity to continue generating the income necessary to maintain his living expenses by raising pigs. Thanks to the many orders his customers have made, Orlando is requesting a loan to purchase the feed he needs to fatten up his pregnant pigs.
His biggest dream is to continue having this business which has allowed him to overcome the great economic difficulties that his family was experiencing several years ago, and in that way be able to continue getting ahead so that they can all have a good quality of life.
Orlando se encuentra casado y tiene 3 hijos a quienes les brinda una educación de buena calidad gracias a su negocio de cría de cerdos con el que ha logrado brindarle a su familia una calidad de vida digna. Desde hace unos 4 años comenzó con la actividad debido a que antes trabajaba en un lugar donde por circunstancias ajenas a su voluntad tuvo que abandonar, y encontró en la actividad de cría de cerdos la oportunidad de seguir generando los ingresos que requiere para el sostenimiento de los gastos de su hogar. Gracias a que tiene muy buenos pedidos por parte de sus clientes, Orlando busca un préstamo para comprar el cuido que necesita para engordar las crías del cerdo que está en gestación.
Su mayor sueño es seguir teniendo este negocio que le ha permitido superar las grandes dificultades económicas por las que estaba atravesando su familia hace unos años y así poder seguir progresando para que todos puedan tener una buena calidad de vida.
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.