William, 26, works in livestock farming which he learned because of family tradition. Every day he get up very early to do his chores: milk the cows and sell the milk in the village, and is able to earn a living this way.
His greatest desire is to expand his business and improve his family's quality of life. Therefore, he is requesting a loan to buy three calves to raise. He is hopeful the investment will improve his economic situation so he can reach his goals.
William de 26 años de edad, se dedica a la producción agropecuaria, actividad que aprendió por tradición familiar. Diariamente se levanta muy temprano e inicia su faena; ordeña las vacas y comercializa la leche en el pueblo, generando de este modo los recursos para su supervivencia.
Su mayor deseo es expandir su negocio y mejorar la calidad de vida de su familia; razón por la cual se encuentra solicitando un crédito que invertirá en la compra de tres terneras y cuido. Espera que con dicha inversión su condición económica mejore y poder cumplir sus sueños.
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.