Leyder is 33 years old. He worked at a business making shoes, and learned that activity. After 8 years, he resigned after an accident and 2 years ago decided to open his own workshop making shoes.
Today he has a large customer base that has allowed him to increase his production. He is requesting this loan to purchase materials such as leather, washers, paste, and other items with the goal of improving his income and positioning his business in the local market.
Leyder hopes to continue with his workshop and continue growing. He dreams of expanding and becoming a source of employment for the most vulnerable people in his community.
Leyder de 33 años de edad, cuenta que aprendió de la actividad, gracias a la oportunidad que tuvo de trabajar en una empresa fabricante de calzado. Después de ocho años de trabajo renunció debido a un accidente Y desde hace dos años tomó la determinación de abrir su propio taller dedicado a la fabricación de calzado.
Hoy cuenta con una amplia clientela que le ha permitido aumentar su producción, razón por la cual se encuentra solicitando un crédito para la compra de insumos como cuero, cuerita, pegantes y otros. Con el fin de mejorar sus ingresos y posicionar su negocio en el mercado local.
Leyder espera continuar con su taller y seguir creciendo. Sueña con expandirse y convertirse en una fuente de empleo para las personas más vulnerables de 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.