Orlando, 43 years old, is single and has 3 children who are 11, 10 and 6 years old.
For twelve years he has been working as a barber, but in order to increase his income he decided to begin storing and selling propane gas in order to take advantage of the extra space he had available. His main customers are family, friends, and neighbors in the area where he lives and with the income that he receives from his work, he supports his family. He is an energetic man, enterprising, active and persevering, striving to bring up his children.
This is his motivation for asking for a loan so he can buy supplies and tools for his work (blades, scissors, hair gel, and more) and to better adapt his space. This will allow him to promote this service, as well as have better working conditions so that his customers are satisfied with the service he provides and in this way he plans to increase his sales and the earnings for his family.
Orlando wants to continue working hard to complete his dream of having a well suited barber shop and generate jobs, and improve not only his quality of life, but that of many other people influenced by this work, and also to have the opportunity of providing better education and wellbeing to his three children.
Orlando, a sus 43 años de edad es soltero y padre de tres hijos de 11, 10 y 6 años de edad. Desde hace 12 años se dedica a prestar el servicio de barbería pero, con el fin de incrementar sus ingresos decidió comenzar a prestar el servicio de parqueadero y a comercializar gas propano, para aprovechar que tiene mucho espacio disponible. Sus principales clientes son familiares, amigos y vecinos del sector donde reside y con los ingresos que recibe por su labor, lleva el sustento a su familia. El cliente es un hombre pujante, emprendedor, activo y perseverante, se esmera por sacar a sus hijos adelante. Esto lo motiva para solicitar el apoyo del crédito, con el que podrá comprar insumos y herramientas de trabajo (cuchillas, tijeras, gel para el cabello, entre otros) y adecuar mejor el espacio; con esto podrá promocionar más este servicio, pues tendrá las condiciones de trabajo adecuadas para que sus clientes estén satisfechos con el servicio prestado; de esta manera pretende aumentar sus ventas y los ingresos para su familia. Orlando desea seguir trabajando arduamente para cumplir el sueño de tener bien adecuada su barbería y generar empleo, así mejorará no sólo su calidad de vida, sino la de muchas otras personas que influyan en esta labor, además tendrá la oportunidad de brindar una mejor educación y bienestar a sus tres hijos.
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.