Freimar is 22 years old and is currently pursuing his dream of becoming a great furniture maker. His older brother has been his teacher, and thanks to his training, Freimar has developed his potential. He is applying for a loan which he will invest in the purchase of wood and supplies to make kitchen furniture. He then hopes to start his own business and position it in the market. He will open a store along with his brother, which will become his source of income.
He longs to be able to start his university studies, with the goal of acquiring knowledge about administration in order to completely dedicate himself to his business project. He states that his family is the most important thing for him. Therefore, he wishes to improve his financial situation in order to offer them a better quality of life, especially his parents.
Freimar tiene 22 años de edad, se encuentra en búsqueda de su sueño; convertirse en un gran ebanista, su hermano mayor ha sido su profesor, y gracias a su enseñanza a desarrollado su potencial. Hoy se encuentra en búsqueda de un crédito que invertirá en la compra de madera e insumos para la fabricación de muebles de cocina. De esta manera espera iniciar su negocio y posicionarlo en el mercado. Abrirá un local en compañía de su hermano, el cual se convertirá en su fuente de ingresos.
Anhela poder comenzar sus estudios universitarios con el fin de adquirir conocimiento sobre la administración para dedicarse por completo a su proyecto de empresa. Asegura que su familia es lo más importante para el, por lo cual desea mejorar su condición económica para ofrecerles una mejor calidad de vida en especial a sus padres.
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.