Hugo, 38, is a fighter who strives to get ahead and win the battles that confront him in life. He feels grateful for the best gift received: his family. His family is his greatest blessing and the pillar that drives him to always want the best. For ten years he has been running his business, which he administers with the collaboration of an employee. He works every day from 6 A.M. until 8 P.M. His greatest dream is to be able to expand his line of products. For this reason, he wants to begin selling school supplies to take advantage of the back to school period. As he does not have the funds to make this investment, he is requesting this loan.
His greatest wish is to be able to provide his family with a better standard of living and watch over their well-being.
Hugo de 38 años de edad, es un guerrero que lucha por salir adelante y ganarle a la vida las batallas que se le presentan. Se siente agradecido por el mejor regalo entregado: su familia. Esta es su mayor bendición y el pilar que lo mueve a querer siempre lo mejor. Desde hace 10 años tiene su propio negocio, el cual administra con la colaboración de un empleado. Labora diariamente de 6 de la mañana a 8 de la noche. Su mayor sueño es poder ampliar su línea de productos, por lo cual desea implementar la venta de útiles escolares para aprovechar la temporada de regreso a clases, como no cuenta con el dinero para realizar dicha inversión, se encuentra solicitando un crédito.
Su mayor deseo es poder brindarle a su familia mejores condiciones de vida y velar por su bienestar.
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.