Victor is 21 years old and he is a young entrepreneur who works the family business that his father started after a financial crisis. He works daily from 8:00 am to 2:00 pm and then attends university. His desire to see his family united with better financial conditions is his best reason to keep working to transform his business into a grand family company. He is looking for a loan that he will use to buy vegetables and general merchandise so that he can increase his sales and obtain greater income that will allow him to improve the conditions in his home.
His greatest dream is to become a great manager and create his own business and open branches so that he can provide jobs for others.
Víctor de 21 años de edad es un joven emprendedor que se dedica al negocio familiar, creado por su padre después de una crisis económica. Labora diariamente de 8 de la mañana hasta las 2 de la tarde y posteriormente se dirige a la universidad. Sus ganas de ver a su familia unida y con una mejor condición económica es su mejor aliciente para seguir luchando por convertir el negocio en una gran fami-empresa. En la actualidad se encuentra en búsqueda de un crédito que invertirá en la compra de legumbre y surtido en general con el fin de aumentar el volumen de ventas y obtener mayores ingresos que le permitan mejorar la condición de vida en su hogar.
Su mayor sueño es convertirse en un gran administrador con el propósito de crear su propio negocio y abrir nuevas sucursales que permitan emplear a otras personas.
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.