Adolfo is 53 years old. He is a humble and hard-working man and is motivated by his family and goes out to work with care and dedication every day for them. For more than five years, Adolfo has made a living selling adornments in stores and supermarkets in his local area. Adolfo has earned a living with this work and generated enough income to support his household.
Adolfo is currently applying for a loan in order to buy stock in bulk. He can then increase his sales and improve his financial situation.
Adolfo's dream is to pay for his children's further education as he believes that this would be the greatest gift he could give them.
Adolfo de 53 años de edad, es un hombre humilde y trabajador, su familia es su mayor motivación y la razón que lo impulsa cada día a trabajar con esmero y dedicación. Desde hace más de 5 años se dedica a la comercialización de aliños en tiendas y supermercados de su localidad. De esta manera Adolfo se ha ganado la vida y ha generado los ingresos necesarios para el sostenimiento de su hogar.
En la actualidad ha recurrido a la solicitud de un crédito con el fin de comprar surtido al por mayor, aumentando las ventas y mejorando su condición económica.
Sueña con brindarle a sus dos hijos acceso a la educación superior, ya que considera que es el mejor regale que puede entregarles.
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.