Reinaldo Jesús is 39 years old, married, and the father to two young children. Together with his wife, he works his business producing dairy products such as yogurt. These products are sold to neighbors in his area and some local stores. When he finishes that work, Reinaldo goes to town to start his other job, servicing moto taxis. He does this work every day until 8:00pm.
In order to continue producing dairy products as the main economic activity to support his family, he is requesting this loan to purchase supplies and ingredients that will allow him to respond to the community's demand.
His dream is to always stay together as a family and give his children a better quality of life.
Reinaldo Jesús de 39 años de edad, se encuentra casado y es padre de dos hijos menores de edad. En conjunto con su esposa trabajan en su proyecto de negocio. Producen lácteos como yogurt, los cuales son comercializados entre los vecinos del sector y algunas tiendas de la localidad.
Cuando termina la actividad, Reinaldo se dirige al pueblo a comenzar su faena prestando el servicio de moto taxi, actividad que realiza diariamente hasta las ocho de la noche.
Con el fin de continuar con la producción de lácteos como actividad principal para el sostenimiento familia, se encuentra solicitando un crédito que invertirá en la compra de insumos y materia prima, que le permitirán responder a la demanda de su comunidad.
Su mayor deseo es permanecer siempre unidos como familia y garantizarles a sus hijos una calidad de vida digna.
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.