Christian is 28 years old. He has sold merchandise (clothes) for 6 years. Due to his work inexperience, it was difficult for him to get a job to help his mother with the household expenses. He learned this activity on the job and now he is a master in the world of business. He is asking for a loan to invest in buying stock to satisfy the demand his customers have right now. He dreams of having a chain of stores and starting to import.
Christian de 28 años de edad, se dedica a la venta de mercancía (ropa) desde hace 6 años, debido a que por su inexperiencia en el mundo laboral, le fue difícil conseguir empleo y necesitaba generar ingresos para colaborarle a su madre con los gastos del hogar. Esta actividad, al aprendió de forma empírica y hoy es un gran maestro en el mundo de los negocios. Se encuentra solicitando un crédito que invertirá en la compra de surtido con el fin de satisfacer la demanda que tiene actualmente. Sueña con tener una cadena de almacenes y comenzar a importar.
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.