Diego Alexander, a youth of only 21 years, thriving and with a lot of desire to move ahead, has decided to start his own business growing and selling vegetables, taking advantage of what he best knows how to do and combining his experience with his passion for agriculture. This youth wants to be a great businessman, so he is taking out a loan in order to buy the required supplies to start his business, since he does not have the resources himself to put his idea into practice.
His big dream is to be able to project himself as a great businessman in the short term, so he wants to work and enter the University to complement his entrepreneurial profile.
Diego Alexander, un joven de tan sólo 21 años de edad, pujante y con muchos deseos de salir adelante ha decidido montar su propio negocio de producción y venta de hortalizas aprovechando lo que mejor sabe hacer combinando su experiencia y su pasión por la agricultura. Este joven desea ser un gran empresario por lo cual recurre a un préstamo para comprar los insumos requeridos para iniciar su actividad económica debido a que no cuenta con recursos propios para ejecutar su idea.
Su gran sueño es poder proyectarse dentro del corto plazo como un gran empresario y por eso desea trabajar e ingresar a la Universidad para complementar su perfil empresarial.
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.