He is requesting a loan so that he can buy supplies such as dyes, synthetics, thread, and glue. Luis Alfonso will also pay for structural improvements so that his shop will have a better appearance. He dreams of designing and producing shoes on a large scale, but he is aware that he does not have the necessary funds. For this reason, he will start saving so that he can make this dream a reality.
Se encuentra solicitando un crédito para la compra de insumos como tintas, sintéticos, hilos, pega y mejoras locativas para la proyección de una mejor imagen.
Sueña con diseñar y producir calzado a gran escala pero es conciente que no cuenta el dinero necesario, por lo cual comenzará a ahorrar para hacer realidad su deseo.
Important InformationThis 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.
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