Amabiel is 28 year old young man from a farming family that is engaged in coffee growing. He has continued the tradition and currently has a sown field. Six years ago, he bought a place where he opened a discothèque with the goal of providing a service that didn’t exist in his community. Now, he alternates the two activities and has one employee to help him. He works daily from 5:30 in the morning to 6:00 in the evening, Monday through Friday. On the weekends, he takes care of the discothèque. His greatest dream is to become a successful businessman and coffee grower. He is requesting the loan to purchase farming inputs and liqueur for his business. He hopes to make his life project a reality and be able to provide his parents with a better quality of life.
Amabiel es un joven de 28 años de edad, de familia campesina dedicada a la cosecha de café. Él ha continuado con la tradición y actualmente cuenta con un sembrado. Hace 6 años compró un local en el cual montó una discoteca con el fin de ofrecer un servicio del que carecía su comunidad. Actualmente alterna las dos actividades y cuenta con el apoyo de un empleado. Labora diariamente de 5:30 de la maña a 6:00 de la tarde de lunes a viernes y los fines de semana se encarga de la discoteca.
Su mayor sueño es convertirse en un gran empresario y caficultor, por lo cual se encuentra solicitando un crédito para la compra de insumos agrícolas y licor para su negocio.
Espera que su proyecto de vida se haga realidad y pueda ofrecerles a sus padres una mejor calidad de vida.
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.