Ruben is a hard working person. For some time he has had a business selling fruits and vegetables. The income from this business supports the costs of his home where he lives with his wife and child.
Due to the little capital that he counts on for his business, he has not been able to grow or respond to the requests of his clients. Looking to overcome this challenge, Ruben is requesting a loan to purchase vegetables and fruits to supply his business and offer a greater variety of products to his client. This will increase his income.
His biggest dream is to improve his income that he gives his family and provide them a better quality of life.
Ruben es una persona muy trabajadora que desde hace un tiempo tiene su negocio de venta de frutas y verduras con el cual genera los ingresos para el sostenimiento de los gastos de su hogar donde convive con su esposa y su hijo. Debido al poco capital con el que cuenta en su negocio, no ha podido crecer y responder a todos los pedidos de sus clientes; pero buscando superar esta dificultad Ruben busca un préstamo para comprar verduras y frutas y surtir su negocio para ofrecer mayor variedad de productos a sus clientes y así aumentar sus ventas.
Su sueño es mejorar los ingresos que ofrece para su familia y poderles mejorar la calidad de vida.
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.