Edwin is somebody who has had to go through difficult situations throughout his life. Nevertheless, his desire to get ahead has allowed him to overcome his difficulties and make progress with his family. Because he lacked an education doors in the work world were closed for him, so he decided to set up his own fast-food business. Thanks to this job he has been able to generate enough income to support his household. Today he's very well known in the business because of the quality of his service.
With the goal of increasing his sales he wants to acquire wholesale the supplies he needs to make his dishes as well as make improvements on his locale by buying chairs and tables. He doesn't have enough capital so he's requesting a loan.
Edwin hopes to increase his income and give his family a better quality of life. His biggest dream is to have a restaurant that becomes a source of jobs in his town.
Edwin es una persona que ha tenido que atravesar por situaciones difíciles en el transcurso de su vida, sin embargo sus ganas de salir adelante le han permitido superar las dificultades y progresar junto a su familia. Debido a su carencia educativa el mundo laboral le cerró las puertas, por lo cual decidió montar su propio negocio de comidas rápidas y gracias a esta actividad ha podido generar los ingresos suficientes para el sostenimiento de su hogar.
Hoy es muy reconocido en el sector, debido a la calidad en el servicio.
Con el propósito de aumentar sus ventas, desea adquirir al por mayor los insumos necesarios para la elaboración de sus comidas y realizar mejoras locativas con la compra de silletería y mesas. Razón por la cual se encuentra solicitando un crédito ya que no cuenta con el capital suficiente.
Edwin espera aumentar sus ingresos y ofrecerle a su familia una mejor calidad de vida. Su mayor sueño es tener un restaurante y convertirse en una fuente generadora de empleo en su localidad.
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.