Eduard Alberto, 34, is an enterprising man who wants to get ahead. At the age of 19 he began to work in a family business making dolls and stuffed animals, which he distributed in various department stores in the city and the towns of Antioquia, Colombia.
Today he's in charge of the business because his mother isn't able to work because of her age. This is why his work has increased and he needs to generate more income to support his mother, his wife, and his daughter, age 9.
Acting on his desire to get his family ahead and improve his quality of life, Eduard's requesting a loan to invest in buying raw materials so he can increase his sales and his income.
His biggest dreams are to be able to give his mother a decent old age without worries and to guarantee his daughter a good education.
Eduard Alberto de 34 años de edad, es un hombre emprendedor y con ganas de salir adelante. A sus 19 años comenzó a laborar en un negocio familiar, consistente en la fabricación de muñecos y peluches, los cuales distribuye en diferentes almacenes de la ciudad y los municipios de Antioquia, Colombia.
Hoy es el encargado del negocio debido a que su madre por su edad no se encuentra en condiciones de trabajar, razón por la cual su trabajo se ha multiplicado y debe generar mayores ingresos para sostener a su madre, esposa e hija de nueve años de edad.
Llevado por el deseo de sacar adelante a su familia y mejorar su calidad de vida, Eduard se encuentra solicitando un crédito que invertirá en la compra de materia prima con el propósito de aumentar sus ventas y con ello sus ingresos.
Su mayor sueño es poderle brindar a su madre un vejez diga sin preocupaciones y garantizarle a su hija y una buena educación.
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.