Robert arrived in Medellín from Peru because he met his wife and they came to live in this city. He has been in Medellín for 3 years and to generate income for his home he has a cyber cafe where he also sells paper products. Robert is studying advertising and now he can practice some of the activities. He needs to buy a machine, but since he doesn't have enough money, he is seeking a loan to buy a heat press and make advertising products in his business.
His dream is to have a great business, practice his profession in advertising and improve his income so in the future he can buy a house to live in with his wife.
Robert ha llegado a la ciudad de Medellín proveniente de Perú gracias a que conoció a su esposa y en esta ciudad se han radicado. Ya lleva 3 años en la ciudad de Medellín y para generar los ingresos para su hogar tiene un negocio de cibercafé donde además vende productos de papelería. Robert está estudiando publicidad, y ahora para poder ejercer algunas de las actividades, requiere la compra de una máquina, pero como no cuenta con el dinero suficiente, busca un préstamo para comprar una máquina termofijadora y poder ofrecer trabajos de publicidad en su negocio.
Su sueño es poder tener un gran negocio, ejercer su carrera de publicista y así mejorar los ingresos para que en un futuro pueda comprarse una casa propia para vivir junto con su esposa.
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.