Julián is 22 years old and his top priority is his university studies. His family does not have much money, but he says they have the strength that characterizes many Colombians. Since his family could not pay for Julián’s education, he decided to pay for his university studies himself.
Julián is very disciplined, so he saved to buy slot machines, which have become his main source of income. His mother oversees them in a small commercial location while he studies.
Julián is requesting this loan to buy a slot machine in order to improve his economic situation and to give his mother a better quality of life. His dream is to finish his university studies and graduate to become a distinguished professional.
Julián es un joven de 22 años de edad, el cual tiene claro que estudiar es su gran prioridad. Su familia no contó con la suerte del dinero pero si con la pujanza que caracteriza a los colombianos, por lo cual, aunque no pudieron ofrecerle educación él decidió trabajar para pagarse su estudios universitarios.
Gracias a su disciplina, Julián ahorró y compró máquinas tragamonedas, las cuales se han convertido en el pilar de su sostenimiento económico. Su madre las administra en un pequeño local mientras el estudia.
En la actualidad, se encuentra solicitando un crédito para la compra de una máquina tragamonedas, con el fin de mejorar su condición económica y ofrecerle a su madre una mejor calidad de vida.
Sueña con poder terminar su carrera y graduarse como un gran profesional.
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.