Brandon, 25, sees himself as a great micro-entrepreneur. Thanks to his effort and sacrifice he managed to set up his own workshop making and selling doors, windows, and ceramic tiles. He works every day with an employee from 7 in the morning until 7 at night.
He says the idea of the business came up because he needed to generate income to help his mother with the household expenses. Now he's satisfied with his accomplishments. He says his big dream is to continue growing in the market.
Currently he's requesting a loan to invest in buying raw materials (aluminum and clay) to improve his sales and guarantee his family better living conditions.
Brandon a sus 25 años de edad, se visiona como un gran microempresario, Gracias a su esfuerzo y sacrificio, logró montar su propio taller dedicado a la fabricación de puertas, ventanas, cerámica, corte y doblez de láminas. Labora diariamente de siete de la mañana a siete de la noche en compañía de un empleado.
Asegura que la idea de negocio surgió a la necesidad de generar ingresos para ayudarle a su madre con los gastos del hogar. Hoy se siente satisfecho por los logros alcanzados. Manifiesta que su gran sueño es seguir creciendo dentro del mercado. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de materia prima (aluminio, barro) para mejorar sus ventas y 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.