Gildardo is 57 years old and a father to four children. He has been working in business since he was very young as, due to his financial situation, he did not have access to education. So, he started working at a very young age.
He says: "My children are my biggest treasure and they make everything worthwhile, from getting up very early to working all day to guarantee for them the life that I never head: access to education." Gildardo tells us that through his work he has improved his family's living condition, which leaves him satisfied with his work.
Tired of so much travelling, two months ago Gildardo decided to start a shop to generate the necessary income that would allow him to look after the family and give him more time to spend with his children and grandchildren.
Today he is applying for a loan to buy stock so that he can offer his customers higher quality service.
Gildardo de 57 años es padre de cuatro hijos. Dedicado desde su juventud al mundo de los negocios, pues no tuvo acceso a la educación por su condición económica, así que comenzó a laborar desde muy joven.
“Mis hijos son mi mayor tesoro y por ellos todo vale la pena, desde levantarme muy temprano hasta trabajar todo el día, para garantizarles lo que la vida me negó: acceso a la educación” Asegura que con su trabajo ha mejorado las condiciones de vida de su familia lo cual le permite estar satisfecho.
Cansado de tantos trajines, Gildardo decidió montar desde hace dos meses una tienda para generar los ingresos necesarios que le permitan sostener a su familia y tener la oportunidad de compartir mas tiempo con sus hijos y nietos.
Hoy se encuentra solicitando un crédito para la compra de surtido garantizándoles a sus clientes una mejor calidad en el servicio.
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.