Abelardo is 54 years old. He is hard working, dedicated to his family and a great dreamer. Since his childhood his biggest dream was to become a micro-businessman and with effort and discipline he has managed to achieve it. Today he works in his café, which he opens daily from 7 am until 8 pm and sells all kinds of fried foods, pastries and drinks.
He hopes to be able to make his business well known throughout his area and establish it as one of the best. With the aim of achieving his dreams, Abelardo is asking for a loan which he will invest in buying stock. This will help to expand his range of products and satisfy the current level of demand. He hopes to improve his economic situation and his family's quality of life.
Abelardo de 54 años de edad, es un hombre trabajador, dedicado a su familia y un gran soñador. Desde su infancia su mayor deseo fue convertirse en un microempresario y con esfuerzo y disciplina ha llegado a cumplirlo. Hoy trabaja en su cafetería, la cual abre diariamente de siete de la mañana a ocho de la noche y se dedica a la venta de toda clase de fritos, mecatos y bebidas.
Espera poder dar a conocer su negocio en toda la localidad y establecerlo como uno de los mejores. Con el objeto de lograr sus sueños, Abelardo se encuentra solicitando un crédito que invertirá en la compra de surtido con el objeto de ampliar su portafolio de productos y poder satisfacer el nivel de demanda actual.
Espera poder mejorar su condición económica y la calidad de vida de su familia.
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.