Juan Eugenio, 48, makes a living selling beef and pork in a shop allocated by the town hall of his municipality. He says that he learned about this business from the age of eight thanks to his father, who worked in this trade for his entire life.
At the age of 20, he started his own business, and over time he has managed to position it. With this work, he has provided for his two children, giving them a quality education.
He is applying for a loan to buy beef and pork, since his sales have increased for the month due to Mother's Day and he hopes to be able to guarantee a good service to his clients.
His greatest dream is to finish paying off the house in which he currently lives with his wife.
Juan Eugenio de 48 años de edad, se dedica a la comercialización de carne de res y cerdo en un local asignado por la alcaldía de su municipio. Asegura que desde los ochos aprendió la actividad gracias a su padre quien toda su vida laboró en el mismo oficio. A la edad de 20 años montó su propio negocio y con el transcurrir del tiempo ha logrado posicionarlo.
Con su trabajo ha sacado adelante a sus dos hijos, brindándoles educación de calidad.
Se encuentra solicitando un crédito para la compra de carne res y cerdo, debido a que las ventas han aumentado por el mes de las madres y desea poder garantizarles a sus clientes un buen servicio.
Su mayor sueño es terminar de pagar su vivienda en la que reside actualmente con su esposa.
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.