Duvan is a young entrepreneur who applied the skills he’d learned from his father to start his own dairy business. He used some savings to buy his first dairy cow some time ago and gradually with much effort has been getting ahead and buying more cows to increase production and sales. The big advantage he has is that customers demand more product than he’s able to supply every day so now that he has the opportunity to do so he’s looking for a loan to buy a dairy cow to increase his production capacity and thus increase sales. His dream is to improve his parents’ quality of life and to have a large business someday that creates jobs and
Duvan es un joven emprendedor que aprovecho los conocimientos que adquirió de su padre para iniciar su propio negocio de producción de leche. Con unos ahorros compró su primera vaca lechera hace un tiempo y poco a poco con gran esfuerzo ha venido saliendo adelante y comprando más vacas para poder aumentar la capacidad de producción y aumentar sus ventas. La gran ventaja que tiene es que sus clientes le demandan cada vez más producción de la que puede responder, es por esto que ahora que tiene la oportunidad busca un préstamo para comprar una vaca lechera para aumentar su capacidad de producción y así aumentar sus ventas.
Su sueño es llegar a tener un gran negocio donde pueda generar empleo y mejorar la calidad de vida a sus padres.
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.