Andrés Felipe is 31 years old and makes a living selling basic products in his neighborhood store. He acquired the store through his daily effort working and he wants to strengthen it with a loan that he is requesting today to purchase more stock so he can satisfy the needs of his customers.
For her part, his wife spends her time caring for their two children. She has been his pillar of support through the great support she gives him everyday. This has resulted in his business being profitable that allows them to guarantee their children (three and five years old) good development in their social environment.
Andrés is a great visionary. His dream is to expand his business and give his family a dignified life and above all, give his children an excellent education via his work.
Andrés Felipe de 31 años de edad, dedicado a la venta de productos de la canasta familiar en su tienda de barrio, que adquirió con el esfuerzo diario de su trabajo, y que busca consolidar con el crédito que hoy solicita para adquirir más surtido y poder satisfacer las necesidades de sus clientes.
Su esposa por su parte, dedicada al cuidado de sus dos hijos, ha sido su pilar, debido al gran apoyo que cada día le brinda, con el fin de que el negocio obtenga una rentabilidad que permita garantizarles a sus pequeños de tres y cinco años un buen desarrollo en su entorno social,
Andrés es un gran visionario, pues sueña con ampliar su negocio y ofrecerles a su familia una vida digna y sobre todo una excelente educación a sus hijos a través de su oficio.
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.