Luis Alberto is a 65-year-old man and a father of 2 children. He is not currently married because his wife passed away.
5 years ago, he began working as an assistant in a business that sells computers and accessories for electronic devices. He initially began working as an employee, but a year ago, he was presented with the opportunity to buy the business.
Luis is hardworking and very dedicated. He works long hours every day, from 8:00 am to 7:00 pm, with the goal of earning the necessary income to support his household and supply basic necessities.
With the loan that he seeks from the Corporation, he hopes to pay the invoice from a supplier from whom he bought merchandise at a discount (accessories for cell phones and computers, chargers, cameras) in order to take advantage of the good price that they offered and to be able to have a greater variety of products to offer his customers.
His main goal is to grow his business and become a large distributor of technology that is recognized in the area and to increase his income and quality of life.
Luis Alberto es un hombre de 65 años de edad, padre de 2 hijos, actualmente no tiene esposa, pues ésta falleció. Hace 5 años se dedica a atender un negocio de venta de computadores y accesorios para tecnología, inicialmente laboraba como empleado, pero hace un año se le presentó la oportunidad de comprar el negocio. El señor Luis es trabajador y muy dedicado, labora largas jornadas diarias desde las 8:00 am hasta las 7:00 pm, con el fin de obtener los ingresos necesarios para el sostenimiento de su hogar y suplir las necesidades básicas. Con el crédito que solicita en la Corporación desea pagar una factura a un proveedor al que le compró mercancía en oferta (accesorios para celular, para computadores, cargadores, cámaras) para aprovechar el buen precio que le ofrecían y así poder tener más variedad de productos para ofrecerle a sus clientes. Su principal meta es hacer crecer su negocio y convertirlo en una gran distribuidora de tecnología, que sea reconocida en el sector y así mejorar sus ingresos y la 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.