Gilberto is 58 years old. He has made progress with effort and dedication. Before he set up his business, he worked in a restaurant where he learned management and customer service. This is the reason why he decided to become independent and invest his savings in the creation of his own business. Today his restaurant-cafeteria is seven years old and he feel satisfied with his achieved goals. The business allows him to offer his wife and six children a better quality of life and a good education.
His biggest wish is to be able to expand his business and to generate sources of employment in order to help other families. In pursuit of his goal, Gilberto is requesting a loan in order to purchase a variety of pastries, soft drinks and supplies for making food.
Gilberto de 58 años de edad ha logrado salir adelante con esfuerzo y dedicación, cuenta que antes de montar su negocio laboró en un restaurante en donde aprendió sobre la administración y el servicio al cliente, razón por la cual decidió independizarse e invertir sus ahorros en la creación de su propio negocio. Hoy lleva 7 años en su restaurante-cafetería y se siente satisfecho con sus metas alcanzadas, asegura que esta actividad le ha permitido ofrecerles a su esposa y a sus seis hijos una mejor calidad de vida y una buena educación.
Su mayor anhelo es poder expandir su negocio y generar fuentes de empleo con el fin de beneficiar a otras familias. En búsqueda de su objetivo, Gilberto se encuentra solicitando un crédito para la compra de surtido como mecatos, gaseosas y materia prima para la elaboración de comida.
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.