Martin previously worked as an employee, but since the income he earned there was insufficient to cover his household expenses, he decided to start his own business. Now he has the opportunity to generate more income and little by little begin to overcome the lack of capital he is experiencing in his home. He started his general store, where he offers his customers staple products, a while ago. Despite the fact that he started his business with very little capital, his effort has helped him to overcome great difficulties and continue to help his family get ahead. Thanks to his store, his wife and children’s quality of life has improved considerably. For this reason, he continues to look to improve sales so he can continue to have a better quality of life and offer his children a better quality education. Martin is looking to overcome his lack of capital. He is requesting a loan to purchase staple products and to stock his store so he can improve sales.
His dream is open a mini supermarket, continuing his trade, so he can continue to provide for his family.
Martin anteriormente trabajaba como empleado pero debido a que los ingresos que allí generaba no eran suficientes para el sostenimiento de los gastos de su hogar, decidió montar su propio negocio con el que ahora tiene la oportunidad de generar mejores ingresos y poco a poco ir superando la dificultad de capital con la que cuenta en su hogar. Hace un tiempo inició con su tienda general donde ofrece a sus clientes productos de la canasta familiar y a pesar de que inició el negocio con muy poco capital, su esfuerzo le ha permitido superar grandes adversidades y así seguir progresando con su familia. Gracias a su tienda, la calidad de vida de su esposa y sus hijos ha mejorado considerablemente, por esto sigue buscando mejorar las ventas para seguir teniendo una mejor calidad de vida y ofrecerles a sus hijos una educación de mejor calidad. Buscando superar su dificultad de capital, Martin busca un préstamo para comprar productos de la canasta familiar y surtir su tienda para mejorar sus ventas.
Su sueño es montar un minimercado y darle continuidad a su actividad para seguir ofreciendo en su hogar el sustento necesario para su familia.
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.