Edilberto, 36, built his business by himself. He decided to get involved in baking without knowing anything about it. He rented a space and hired employees to make his business idea come true.
Currently he has had a series of problems with the health service because of his form of production, so he's requesting a loan to make the modifications required by that institution.
His biggest dream is to be able to increase his sales to generate more jobs. Edilberto's a man full of challenges and ambition. Although he doesn't know much about the bakery field, he decided to take a risk. Now he wants to acquire more knowledge about the trade to be more competent in the market.
Edilberto de 36 años de edad, le ha tocado construir a pulso su negocio. Sin saber nada de panadería decidió meterse en el cuento, alquiló un local y consiguió empleados para materializar su idea de negocio. En la actualidad ha tenido una serie de dificultades con sanidad por la forma de producción, por lo cual se encuentra solicitando un crédito para realizar adecuaciones exigidas por dicha institución. Su mayor sueño es poder incrementar su nivel de ventas para generar mayor empleo. Edilberto es un hombre lleno de retos y ambiciones, aunque no conoce mucho del tema decidió arriesgarse por el sector de panificación, y hoy desea adquirir mayor conocimiento sobre el oficio para ser más competente en el mercado.
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.