Hernán is a victim of the conflict existing among urban gangs in the country. In 2008 he was displaced by guerrillas in his commune where he lived with his wife and two children. This forced them to start again from zero and to seek alternative ways of earning their daily bread. He decided to under employ himself because the door to the world of work were closed to him due to his educational condition. He started selling potatoes from place to place thus managing to survive and provide schooling for his two children. Today, he’s requesting a loan to buy raw materials (potatoes) and a display case to improve sales and be able to guarantee better quality of life at home.
Hernán es una de las víctimas del conflicto entre bandas urbanas del país. En el año 2008 fue desplazado por las bacrín de su comuna, en donde residía con su esposa y sus dos hijos. Lo que los obligó a iniciar de cero y buscar alternativas para ganarse el pan de cada día.
Decidió subemplearse, debido a que por su condición educativa las puertas al mundo laboral se le cerraron. Se dedicó a la venta de papitas de manera ambulante; de esta manera a logrado sobrevivir y brindarles educación a sus dos hijos.
Hoy se encuentra solicitando un crédito que invertirá en la compra de materia prima (papa) y una vitrina con el fin de mejorar sus ventas y poder garantizar en su hogar una mejor calidad de vida.
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.