Carlos Alberto is 38 years old. He believes that starting his own business has been the best blessing he has received. Carlos says about his motivation for happiness, "thanks to this source of employment, today my family has a better future."
He ensures that his sales are good and the only thing that worries him are that some customers do not pay off their bill. In spite of these problems, he always looks ahead with satisfaction and the hope of a better future.
He wants to increase his level of sales, so he is requesting a loan to invest in the purchase of merchandise (drinks and cakes), which will allow him to improve his household's quality of life.
Carlos Alberto de 38 años de edad, considera que haber creado su propio negocio ha sido la mayor bendición que ha recibido. “Gracias a esta fuente de empleo hoy mi familia tiene un futuro mejor” estas son las palabras con las que Carlos narra su principal motivo de felicidad.
Asegura que las ventas en el sector son buenas y que lo único que le ha preocupado son algunos clientes que no cancelan la cuenta. Pero a pesar de inconvenientes como este, el siempre mira adelante con la satisfacción y el anhelo de un mejor porvenir. Hoy desea incrementar su nivel de ventas, por lo cual se encuentra solicitando un crédito que invertirá en la compra de surtido (bebidas y mecatos)lo que le permitirá mejorar la calidad de vida en su hogar.
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.