Eliécer is 41 years old and lives with his common-law wife. Currently he owns a business, a butcher’s shop that he acquired in 2012 thanks to some savings he had and a loan he took out so that he had the total amount of money he needed. His establishment is located inside a supermarket in a principal park of the city where he resides. Consequently he has had very good results and has generated the earnings necessary to pay the basic expenses of his family.
The client is a hard-working, forceful man, who works every day to continue overseeing the well being of those close to him. He was inspired to apply for a loan in order to purchase cattle to raise so that he will have the capacity to produce his own meat and save the money he spends buying meat everyday. Eliécer dreams of continuing to strengthen his businesses and of investing in more heads of cattle. Thus he will be able to guarantee greater profits and improve his family’s living conditions.
Eliécer tiene 41 años de edad y vive con su pareja en unión libre. Actualmente se dedica a trabajar en su negocio, una carnicería que adquirió en el año 2012 gracias a unos ahorros que tenía y aun crédito que adquirió para ajustar la totalidad del dinero, el establecimiento se encuentra ubicado dentro de un supermercado en el parque principal del municipio donde reside, por lo que ha tenido muy buenos resultados y ha generado ingresos necesarios para suplir los gastos básicos de su familia. El cliente es un hombre trabajador, pujante, se esfuerza día a día para seguir velando por el bienestar de los suyos. Se motiva a solicitar el crédito para invertirlo en la compra de ganado de levante, de esta forma tendrá la capacidad de tener su propia producción de carnes y ahorrar el dinero que invierte comprando la carne día a día. Eliécer sueña con seguir fortaleciendo sus negocios e invertir en más cabezas de ganado, así podrá garantizar una rentabilidad mayor y mejorará las condiciones de vida de su familia.
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.