Cristian is 21 years old. He is a young worker with great plans. He dreams of providing his mother with a better quality of life and for this reason, he is engaged in selling clothing. This activity allows him to cover the household expenses and finance his university studies. Currently, he is requesting a loan that he will invest in the purchase of merchandise due to the good acceptance of his products and in order to complete the orders that have been requested. He thanks God for the opportunity that he has been given to generate a source of income for the welfare of his family and his education.
Cristian de 21 años de edad, es un joven trabajador y con grandes por proyectos. Sueña con brindarle a su madre una mejor calidad de vida por lo cual se dedica a la venta de ropa, lo que le permite colaborar con los gastos del hogar y financiar sus estudios universitarios.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de mercancía debido a la buena aceptación de sus productos y con el fin de cumplir con los encargos que le han solicitado.
Agradece a Dios por la oportunidad que le ha dado al generar una fuente de ingresos para el bienestar de su familia y su educación.
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.