He is requesting a loan so that he can invest in the purchase of supplies such as gloves, combs, and clippers, as well as make structural improvements to his shop, which will attract new clients and improve the quality of his service. Robinsón hopes to keep growing and turn his business into the most recognized establishment in the area.
Se encuentra solicitando un crédito que invertirá en la compra de insumos (guantes, peines, máquina de afeitar) y adecuaciones locativas, con el fin de atraer nueva clientela y mejorar la calidad en el servicio. Espera seguir creciendo y convertir su negocio en el más reconocido del sector.
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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