Daniel is 21 years old and is a young entrepreneur. As a result of his hard work and dedication, he has his own business refilling and selling fire extinguishers. He dreams of growing his business and improving his sales, and for this reason, he is requesting a loan to invest in the purchase of supplies and to improve his store so that he can offer a better service. He hopes to go to college and graduate as a successful businessman. He states that his priority in life is his family, and that is why he will do his best to be able to give his mother a decent quality of life.
Daniel de 21 años de edad, es un joven emprendedor, gracias a su esfuerzo y dedicación hoy cuenta con su propio negocio dedicado a la recarga y venta de extintores, Sueña con ampliar su negocio y mejorar las ventas, razón que lo ha motivado a solicitar un crédito que invertirá en la compra de mercancía y la adecuación del local para la prestación de un mejor servicio.
Desea ingresar a la universidad y graduarse como un gran administrador. Asegura que su mayor prioridad es su familia, por lo cual se esfuerza a fin de garantizarle a su madre una calidad de vida 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.