Sergio, 20, is a young man with thousands of projects, precise goals, and above all, a lot of spirit for wanting to fulfill them. His life has been marked by great events that have made him strong and at his young age, his experiences cross borders. These experiences have made him mature and learn to value life as God's most precious gift.
He wants to become a professional, but he still does not have the financial resources to enter a university. It's this reason that prompted him to work in home fumigation services. He learned this trade thanks to a friend, and it will allow him to save money to pay for his education.
To develop this activity, he is requesting this loan to buy a motorbike. It will be his transportation to offer his services at the appropriate time.
Sergio es un joven de 20 años, con miles de proyectos, metas claras y sobre todo con muchos ánimos de querer cumplirlos, su vida ha estado marcada por grandes sucesos que lo han hecho fuerte y a su corta edad sus vivencias traspasan fronteras. Vivencias que lo han hecho madurar y aprender a valorar la vida como el regalo más preciado entregado por Dios.
Desea profesionalizarse pero aún no cuenta con los recursos económicos para ingresar a la universidad; es ésta, la razón que lo ha impulsado a dedicarse a laborar prestando el servicio de fumigación a domicilio, oficio que aprendió gracias a un amigo y que le permitirá ahorrar para pagarse sus estudios.
Para el desarrollo de esta actividad se encuentra solicitando un crédito que invertirá en la compra de una motocicleta, en la que se transportará para prestar sus servicios en el tiempo oportuno.
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.