65-year old Luis is a hardworking man who makes a big effort to help his family get ahead. For 31 years he has worked as an upholsterer continuing a family tradition. Now it has become the way he supports himself and his family.
Every day Luis works from 7 am to 7 pm along with his brother and a nephew. With God’s help, the business is a source of employment for his family and allowed him to grow within the local market.
Luis is a man full of dreams which he hopes to fulfill so he works hard because he is convinced that with effort all is possible. He is now seeking a loan which he will use to buy materials (synthetic leather, fabric, and stuffing), and hand tools in order to improve the quality of his products. Then he will be able to earn more money and provide his family with a better standard of living.
Luis de 65 años de edad, es un hombre luchador y esforzado por sacar a su familia adelante, desde hace 31 años, se dedica al oficio de la tapicería, actividad que aprendió por tradición familiar y hoy se ha convertido en el sustento para el y su familia.
Diariamente labora de siete de la mañana a siete de la noche en compañía con un hermano y un sobrino. Agradece a Dios la oportunidad que le ha dado de poder ser una fuente generadora de empleo para su familia y por permitirle crecer dentro del mercado local.
Luis es un hombre lleno de sueños, los cuales espera hacer realidad y para ello trabaja fuertemente porque está convencido que con esfuerzo es posible lograr todo lo que se ha propuesto.
En la actualidad, se encuentra solicitando un crédito que invertirá en la compra de materiales (piel sintética, tela y guata) y herramientas de mano, con el fin de mejorar la calidad de sus productos y generar mayores ingresos que le permita garantizarle a su familia mejores condiciones de vida.
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.