Baldomero, 55, has won the hearts of all his neighbors because of his friendliness and his good sense of humor. He loves his family, which is his main motivation to fight everyday and generate the support to survive. Although he didn't have the resources to start his own business, this did not stop him from achieving his dream of becoming a businessman. With a little money lent to him by a friend, this man started selling fruit and fish at a table that he set up outside his house, with posters to promote his products. He has been doing this work for a year. His dreams don't stop, and this is why he is applying for a loan that he will use to buy shelves where he can put his products to make them more visible and more attractive to his customers. He hopes to improve his economic standing and not worry about money in his old age, guaranteeing his family a better future.
Baldomero de 55 años de edad, se ha ganado el cariño de todos sus vecinos por su amabilidad y buen sentido del humor. Ama su familia, la cual es el motor principal para luchar cada día y generar el sustento para sobrevivir. Aunque no contaba con recursos para iniciar su negocio, esto no fue impedimento para cumplir su sueño de convertirse en comerciante, con un pequeño capital que le prestó un amigo, este hombre inició con la venta de frutas y pescado en una mesa que ubicó a las afueras de su casa, con carteles para promocionar sus productos. Esta actividad la realiza desde hace un año.
Sus sueños no paran, por esta razón se encuentra solicitando un crédito que invertirá en la compra de estanterías para ubicar sus productos y hacerlos más visibles y atractivos a sus clientes. Espera poder mejorar su condición económica y poder tener una vejez sin preocupaciones monetarias, garantizarle a su familia un mejor futuro.
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.