Yuder is 26 years old and looking for a way to earn a living and provide sustenance for his 4-year-old son. Due to a lack of employment opportunities and his economic instability, he decided to become independent and start his own business to generate income, which is why he is requesting a loan that he plans to use to buy a motorcycle to provide passenger-transportation service within the urban and rural areas of his municipality. Yuder dreams to improve his family's living conditions and ensure a dignified life.
Yuder, de 26 años de edad, busca como ganarse la vida y generar el sustento para su hijo de cuatro años. Debido a las pocas oportunidades de empleo y a su inestabilidad económica, este hombre ha decidido convertirse en trabajador independiente y crear su propio negocio con el fin de generar ingresos, motivo por el cual, se encuentra solicitando un crédito que invertirá en la compra de una motocicleta, destinada a prestar el servicio de transporte de pasajeros dentro del perímetro urbano y rural de su municipio.
Sueña con mejorar las condiciones de vida de su familia y garantizarles una vivienda 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.