Cesar, 47, is the father of four children for whom he works hard each day to give them a good education. He learned bread making by attending an institutional training program. Later he obtained a loan to start his micro business. He has run his bakery for eight years and thanks God for the chance to earn income to offer his family a dignified life.
He dreams of growing his business and creating jobs for others. He is applying for a loan to buy an oven and ingredients to make his products so that he can increase profits and grow the business.
Cesar de 47 años de edad, es padre de cuatro hijos, por los cuales se esmera día a día para ofrecerles una buena educación. Aprendió el oficio de panadería gracias un curso que realizó en un instituto de formación. Posteriormente realizó un préstamo para iniciar su negocio y convertirse en un microempresario. Hoy lleva 8 años en su panadería y agradece la oportunidad que le regaló Dios para generar ingresos y ofrecerle a su familia una condición de vida digna. Su mayor sueño es poder consolidar su proyecto de empresa y generar fuentes de empleo a otras personas.
Se encuentra solicitando un crédito para la compra de un horno e insumos para la elaboración de sus productos, con el fin de incrementar sus ganancias y ampliar su negocio.
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.