Previously, Dario worked in construction, but because of health problems, was obligated to quit and look for new sources of income for his home. This is how he got the opportunity to set up a cart where he sells candy, sweets, and snacks to his customers. It is with this business that he has generated the income necessary to pay the expenses for the home where he lives with his wife and son.
Looking to overcome the difficulty of capital in his business, Dario is requesting a loan to buy candy, sweets, and snacks to supply his business with products that have sold out.
His dream is to be able to have a better quality of life for his family, and to offer them better economic opportunities in order to prosper.
Dario anteriormente trabajaba en la actividad de la construcción, pero debido a problemas de salud se vio obligado a dejar esta actividad y buscar nuevas fuentes de ingresos para su hogar. Fue así como tuvo la oportunidad de montar una chaza donde vende dulces, confites y snack a sus clientes y es con este negocio que ha venido generando los ingresos necesarios para el sostenimiento de los gastos de su hogar donde convive con su esposa y su hijo. Buscando superar la dificultad de capital que tiene en su negocio, Dario busca un préstamo para comprar dulces, confites y snack para surtir su negocio con productos que ya se han ido agotando.
Su sueño es poder tener una mejor calidad de vida para su familia y ofrecerles mejores oportunidades económicas para salir adelante.
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.