Raimundo is 49 years old. He is married and the father of one child. He has spent his whole productive life working as an employee in different lithography companies and that is how he has generated income to support his family. Since 2000, using his experience and with the support of loans, he opened his own lithograph company. With it, he generate 3 direct jobs. This has allowed him to continue working as an employee in another lithograph company without neglecting his own business. This way, he supplements his income in order to be able to pay for his household expenses.
Raimundo is a driven, active, responsible man who fights every day to get ahead. He is asking for the help of this loan to invest in buying materials (paper, lithographic crayons, inks, gum arabic, and cardboard) and to do maintenance on the machines. With this, he will be able to improve the functioning of his machinery and he will have raw materials to offer his customers more variety and fill their needs. This will be reflected in the increase in production and in the timely delivery of orders. This will lead to him having more contracts and increase the amount of resources to continue with his business. This will make his dream come true of generating more employment opportunities and offer a better well being and living conditions for his wife and son.
Raimundo, a sus 49 años de edad es casado y padre de 1 hijo. Toda su vida productiva la ha dedicado a trabajar como empleado en diferentes litografías y así ha generado los ingresos para llevar el sustento a su familia. Desde el año 2000, aprovechando su experiencia y con el apoyo de créditos, montó su propia litografía, con la cual hoy en día genera 3 empleos directos, esto le ha permitido continuar trabajando como empleado en otra litografía pero sin descuidar su negocio. De esta manera complementa sus ingresos para poder brindar educación superior a su hijo y poder solventar los gastos de su familia.
Raimundo es un hombre pujante, activo, responsable y lucha cada día para salir adelante. Solicita el apoyo del crédito para invertirlo en la compra de insumos (papel, crayones litográficos, tintas, goma árabe, cartón) y realizar mantenimiento a las máquinas, con esto podrá mejorar el funcionamiento de su maquinaria y tendrá disponibilidad de materia prima para ofrecer a sus clientes más variedad y satisfacer las necesidades, esto se verá reflejado en el aumento de su producción y en la entrega oportuna de los pedidos, lo que conlleva a tener más contratos e incrementar la entrada de recursos para seguir adelante con su negocio, y cumplir el sueño de hacerla crecer para generar más oportunidades de empleo y brindar mejor bienestar y condiciones de vida a su esposa y a su hijo.
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.