Víctor began in sales through a friend who was enrolled with Herbalife, and has been selling since 2012. However, in April of this year he decided to signup for himself and to be in charge of his own sales orders in the mornings and to attend training sessions in the afternoons about the benefits obtained by consuming Herbalife nutrition products.
He is asking for a loan to buy products at wholesale (malts, shakes, dietary supplements, and other items).
Víctor’s dream is to have several nutrition clubs in the city and instruct people in eating habits.
Víctor inició comercializando con un amigo, que estaba inscrito, los productos de Herbalife desde el año 2012. Sin embargo desde Abril del presente año decidió inscribirse y estar a cargo de sus propios pedidos que consigue y pide en el transcurso de la mañana, por otro lado en la tarde asiste a capacitaciones sobre los beneficios que se obtiene al consumir productos de nutrición Herbalife. Solicita el crédito para comprar productos al por mayor (malteadas, batidos, suplementos dietarios, entre otros). El sueño de Víctor es tener varios clubs de nutrición en la ciudad y culturizar a la gente con los hábitos alimenticios.
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.