“We human beings are always full of dreams, for they are what allow us to feel alive and fulfilled on earth.” With these words, Gilbert, who is 56 years old, explains to us what motivates him to get up each day full of drive and heartfelt dedication to his work His priority is his family and he is ready to make any sacrifice for them. Their well being and happiness are his greatest reward.
Due to a lack of opportunity because of little education Gilberto saw the need to be self employed and to start his own business. Consequently for about 15 years he has been a street vendor selling fried potatoes and pork rinds in order to feed his household. He is satisfied with his work because, thanks to it, he has been able to survive. Currently he wants to improve his cart and he is requesting a loan to purchase a canopy that will protect him from the rain and avoid loss of sales. He also needs to do maintenance on his food cart.
“Los seres humanos siempre estamos llenos de sueños, pues son estos los que nos permiten sentirnos vivos y realizados en la tierra”. Con esta frase Gilberto de 56 años de edad, nos cuenta cuales son sus motivaciones para levantarse cada día lleno de fuerzas y dedicarse a su labor con el corazón. Su familia es su prioridad y por ella está dispuesto hacer cualquier sacrificio, su bienestar y felicidad son su mayor recompensa.
Debido a la falta de oportunidades por su carencia educativa Gilberto se vio en la necesidad de auto-emplearse y montar su propio negocio, es así, como desde hace 15 años se dedica a la venta ambulante de papas fritas y chicharrines con el fin de generar el alimento para su hogar. Se siente satisfecho con su trabajo porque gracias a el ha podido sobrevivir. En la actualidad desea mejorar su puesto de trabajo por lo cual se encuentra solicitando un crédito para la compra de una carpa que lo proteja de la lluvia y evitar pérdidas en sus ventas y realizarle mantenimiento a su carro de comidas.
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.