Guillermo, 34, has been described by locals as an enterprising and visionary man. He says that ever since he was a kid, he liked the business world, so he helped his father in his food store. When he became 18, his father gave him some capital to start selling clothing. He started this line of work and has been doing it for sixteen years, something that has helped him support his family, composed of his wife and their three-year-old daughter.
Guillermo is requesting a loan to buy merchandise, with the intention to increase his sales and be able to deliver his customers’ orders. He hopes to improve his quality of life with this investment, and to be able to guarantee his daughter access to education.
Guillermo de 34 años de edad, se ha caracterizado en su localidad por ser un hombre emprendedor y visionario. Cuenta que desde niño le apasionó el mundo de los negocios, razón por la cual le ayudaba a su padre un una tienda de alimentos. Cuando cumplió los 18 años de edad, su padre le regaló un capital de trabajo para que comenzara con la venta de ropa; de esta manera inició con la creación de su negocio y hoy lleva 16 años dedicado a esta actividad, la cual le ha permitido generar el sustento para su familia, compuesta por su esposa y su hija de tres años de edad.
En la actualidad se encuentra solicitando un crédito que destinará en la compra de mercancía con el propósito de aumentar sus ventas y cumplirle a sus clientes con los pedidos solicitados. Espera que con dicha inversión mejore su calidad de vida y pueda garantizarle a su hija el acceso a la 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.