Stivel is a 25-year-old young man who decided to start his own business because he deemed it the best option to start his life plan. His liquor store has been in business for seven years, during which it has been his and his mother's source of income.
He currently hopes to obtain a loan that allows him to inject capital into his business so that he can improve his location and purchase products to sell this Christmas season.
Stivel would love to see his business become one of the best in the area, offering his customers good service.
Stivel es un joven de 25 años de edad, que decidió montar su propio negocio considerando que sería la mejor alternativa para comenzar con su proyecto de vida, actualmente lleva 7 años con su licorera, la cual ha sido el sustento para el y su madre, actualmente espera obtener un crédito que le permita realizar una inyección de capital para mejorar la locación y comprar los productos para la venta es esta temporada navideña.
Stivel sueña con ver su negocio como uno de los mejores del sector, proporcionándoles un buen servicio a sus clientes.
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.