He worked as a vehicle driver for many years, gaining mechanical knowledge empirically. He would now like to use this knowledge to create his own business, in which he will offer the services of lubrication and mounting tires. To build and materialize his business idea, he is applying for a loan which he will invest in the purchase of a grease pump and an air compressor, tools which will allow him to offer a quality service.
He dreams of improving his business and growing within this sector.
Laboró por varios años conduciendo un vehículo, por lo cual adquirió el conocimiento de mecánico de forma empírica, el cual, hoy quiere emplear en la creación de su propio negocio en donde prestará el servicio de lubricación y montaje de llantas. Para construir y materializar su idea de negocio, se encuentra solicitando un crédito que invertirá en la compra de una máquina engrasadora y un compresor de aire, herramientas que le permitirán ofrecer un servicio de calidad.
Sueña con ir mejorando su negocio y crecer dentro de este sector.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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