Desiderio, 52 years old, is the father of three children. He considers his family to be his greatest incentive and the most important reason for seeking a better future. He has been doing bodywork and welding for more than 10 years as a way to make an income to support his household.
He is very gratified by his business and the blessings from God that he receives daily. Right now he is requesting a loan that he will use to invest in an gas cutting torch, two drills, and materials, in order to improve the quality of his services.
His greatest wish is to continue to develop his activity in the industry and guarantee his children a quality education.
Desiderio, de 52 años de edad, es padre de tres hijos. Considera que su familia es su mayor estímulo y la razón más importante para ir en búsqueda de un mejor futuro. Dedicado a la fabricación de carrocerías y soldaduras desde hace más de 10 años, como medio de generación de ingresos para el sostenimiento de su hogar.
Se encuentra muy satisfecho por su negocio y las bendiciones que diariamente recibe por parte de Dios. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de un equipo de corte, dos taladros y materiales, con el fin de mejorar la calidad en la prestación del servicio.
Su mayor deseo es continuar desarrollando la actividad en el sector y garantizarles a sus hijos una educación de calidad.
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.