Cristian is a young 21-year-old entrepreneur who, upon finding himself unemployed and unable to find work alternatives, was advised by a friend of his to sell personal products in order to generate an income.
Three months ago he started the business, and thanks to his efforts, little by little he has been able to overcome the great difficulty that the business has with capital, since due to a lack of capital he fell behind in beginning his sales. These days he has begun to have good sales, and it is for this reason that Cristian now seeks a loan to buy personal products to respond to the large orders he has received from his clients.
His dream is to be able to have a large store located in a business premises and generate income that he can use to offer his parents a better quality of life and help them to overcome their economic difficulties.
Cristian es un joven emprendedor de 21 años de edad que al verse desempleado y no encontrar más alternativas laborales, fue asesorado por una amigo suyo para que vendiera productos de uso personal para generar los ingresos. Hace 3 meses que comenzó con el negocio y gracias a su esfuerzo ha podido ir poco a poco superando la gran dificultad de capital de capital que tiene en el negocio, pues por falta de este fue que estaba retrazando el inicio de sus ventas. Actualmente ha venido teniendo buenas ventas, y es por esto que ahora Cristian busca un préstamo para comprar productos de uso personal para responder a los grandes pedidos que tiene de sus clientes.
Su sueño es poder tener un gran negocio ubicado en un local comercial y generar ingresos con los que pueda brindar a sus padres una mejor calidad de vida y ayudarles a superar sus dificultades económicas.
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.