Isaías, 52, is a tenacious and valiant man. His family is his greatest blessing and the best motivation to get up each day and work hard. He learned the trade of woodworking more than 20 years ago, thanks to the chance he had to work in a workshop. He has advanced his family with this activity and given his son an education. Now he is asking for a loan to buy supplies like wood, glue, foam, and fabric in order to increase his sales and fill orders. His greatest dream to have his own home and improve his family's quality of life.
Isaías de 52 años de edad, es un hombre luchador y esforzado, su familia es su mayor bendición y la mejor motivación para levantarse cada día y trabajar fuertemente. Aprendió el oficio de ebanistería desde hace más de 20 años, gracias a la oportunidad que tuvo de laborar en un taller.
Con esta actividad ha sacado su familia adelante y le ha brindado educación a su hijo. Hoy se encuentra solicitando un crédito que invertirá en la compra de insumos como madera, pegante, espuma y tela con el fin de mejorar su ventas y cumplir con los pedidos solicitados.
Su mayor sueño es adquirir vivienda propia y mejorar 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.