Darío, at the age of 57, is the father of an 11-year-old son, and he lives in free union with his partner. From a very early age, he was acquainted with producing and selling food, because he helped his parents and sisters do this work. Twelve years ago he set up his own business, following the family tradition of producing and selling food, and for that he receives the support of his wife. With this business, he has generated sufficient income to support his family. Darío is an entrepreneurial man, active and striving, and he works with great care for arduous workdays from Monday to Sunday from 6:00 am to 9:00 pm, with the goal of using his time to the maximum to sell his products. This borrower always goes in search of options that allow him to advance, and he sees in the loan a means of support to continue advancing and reach his goals. The loan will be invested in the purchase of cooking utensils (big pots) and supplies (vegetables, meats, flour, oil); with this he will be able to give continuity to his business, increasing his production to satisfy all the demand that he has, since his products are recognized in his district. Darío dreams of strengthening his business so that it allows him to generate more income and in this way offer a better education to his son, so that he can have a prosperous future.
Darío, a sus 57 años de edad es padre de un hijo de 11 años y vive en unión libre con su pareja. Desde muy joven conoció la actividad de la producción y venta de alimentos debido a que le ayudaba a sus padres y hermanas realizando esta actividad. Desde hace 12 años montó su propio negocio, siguiendo la tradición familiar de producir y vender alimentos y para ello recibe apoyo de su esposa, con esto ha generado ingresos suficientes para el sostenimiento de su familia. Darío es un señor emprendedor, activo, luchador y con gran esmero trabaja arduas jornadas de Lunes a Domingo de 6:00 am a 9:00 pm con el fin de aprovechar el tiempo al máximo para vender sus productos. El prestatario siempre va en busca de opciones que le permitan salir adelante, y ve en el crédito un apoyo para continuar avanzando y alcanzar sus objetivos, el crédito será invertido en la compra de utensilios de cocina (ollas grandes) e insumos (verduras, carne, harina, aceite); con esto podrá darle continuidad a su negocio incrementando su producción para satisfacer toda la demanda que tiene, pues sus productos son reconocidos en el sector. Darío sueña con fortalecer su negocio para que le permita generar mejores ingresos y de esta manera brindarle mejor educación a su hijo, para que tenga un futuro próspero.
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.