Oscar has continued working in the family business started by his grandparents, which his parents taught him. He makes food. He learned the business from his mother when he was young, and now that he is married with three children, his business is the source of income which allows him to provide his family with a good life. In spite of the big challenges that always come up, he has had the strength to overcome them and be able to continue getting ahead. As a result, his family has what it needs on a daily basis, not to mention the possibility of having better economic opportunities to get ahead. Oscar is requesting a loan so he can purchase a stainless steel table which he will use to provide better conditions for food preparation.
His dream is to continue with his family business and position it so that his children will also have the opportunity to have a stable source of income in the future.
Oscar ha seguido trabajando el negocio que viene de trascendencia familiar desde sus abuelos y que sus padres le enseñaron que es la producción de alimentos. Desde muy pequeño aprendió junto a su madre la actividad y ahora que se encuentra casado y tiene 3 hijos, esta es la fuente de ingresos que le permite brindarle a su familia una buena calidad de vida. A pesar de las grandes dificultades que siempre se le presentan, ha tenido una gran fortaleza para superarlas y poder seguir saliendo adelante para que su familia tenga el sustento diario y las posibilidades de tener mejores oportunidades económicas para progresar. Oscar busca un préstamo para comprar una mesa de acero inoxidable para realizar la producción de los alimentos en mejores condiciones.
Su sueño es seguir con este negocio de trascendencia familiar y hacer que se posicione para que sus hijos también tengan la oportunidad de tener una fuente de ingresos estable para su futuro.
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.