Luis is the father of 6 children. He has been able to get them ahead with hard work and dedication. He loves his family and he says that they are his greatest wealth.
He works every day as a furniture maker in a little workshop located in his residence. This activity allows him to support his home financially. He thanks God for giving him good health to do his work every day and allowing him to offer his customers a quality service. Right now, he is well known in the area, and thanks to this his work has increased. This has driven him to ask for a loan to buy raw materials (wood) wholesale in order to deliver the orders on time and improve his family's quality of life.
Luis, es padre de 6 hijos, a los cuales ha logrado sacar adelante con esmero y dedicación. Ama su familia y asegura que es ésta su mayor riqueza.
Labora diariamente como ebanista en un pequeño taller ubicado en su residencia, actividad que le permite generar el sustento económico para su hogar.
Agradece a Dios por regalarle salud para realizar diariamente su faena, y permitir ofrecerles a sus clientes un servicio de calidad. En la actualidad es bastante reconocido en su localidad, y gracias a esto su trabajo ha aumentado. Razón que lo ha impulsado a solicitar un crédito que invertirá en la compra de materia prima (madera) al por mayor con el fin de entregar los pedidos a tiempo y mejorar la calidad de vida de su familia.
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.