Evelio, 54, makes her living in a bicycle workshop where as well as offering maintenance services he also sells tires and accessories. He works every day continuously from 8:00 am to 8:00 pm at night. It is thanks to his work that his family enjoys better living conditions today.
Evelio is currently seeking a loan to invest in the purchase of goods so as to have stock and not lose out on sales. He hopes to continue growing and set up in a local market as the number 1 bicycle store.
Evelio de 54 años de edad, se ha dedicado a su taller de bicicletas, en donde además de ofrecer sus servicios de mantenimiento, vende repuestos y accesorios.
Labora diariamente de ocho de la mañana a ocho de la noche en jornada continua. Gracias a su trabajo hoy su familia goza de mejores condiciones de vida. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de surtido con el fin de tener un stock y no disminuirlas ventas.
Espera seguir creciendo y posicionarse en el mercado local como el número uno.
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.