Lucas, 21, is full of dreams and has many goals to meet. He says he worked for several months managing a supermarket in his town, until his father proposed to him working in a parking lot. Now he runs his own business because his father gave him part of the land, where he offers car and motorcycle parking and washing.
In order to increase his capacity, Lucas is requesting a loan to build eight parking spaces so he can hold more vehicles. His greatest goal is to continue expanding and acquire knowledge and experience in the sector so he can improve his family's quality of life.
Lucas es un joven de 21 años de edad, lleno de sueños y metas por cumplir, cuenta que laboró por varios meses administrando un supermercado en su localidad, hasta que su padre le propuso comenzar a trabajar en un lote que ha acondicionado como parqueadero. Hoy labora en su propio negocio debido a que su padre le cedió una parte del terreno, en donde presta los servicios de parqueadero, lavado de autos y motocicletas. Con el fin de ampliar su capacidad, Lucas se encuentra solicitando un crédito que destinará para la construcción de ocho celdas para albergar un mayor número de vehículos.
Su mayor sueño es seguir creciendo, adquirir conocimientos y experiencias dentro del sector, mejorando así la calidad de vida de su familia.
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.