Álvaro, who is 48 years old, is married and the father of two children, ages 12 and 17. He comes from a very humble family that lived in a constant economic crisis. Because of this, he had to work beginning when he was 12 years old. He began to work in the construction field and, over time, he grew and acquired a lot of experience and knowledge, so he became a construction teacher and he is now in charge of many people.
He still carries out this work and has been able to bring his family forward and educate his children, who have become the driving force in his life. Álvaro describes himself as an active, persistent, and determined. Despite all the difficulties he has faced, he always overcomes them and continues to advance.
This has motivated him to request the assistance of a loan, with which he will purchase a motorcycle to facilitate his transportation to different areas where he has contracts. This way, he will be able to meet his deadlines and reduce his costs, which will improve the profitability of his business. This will allow him to increase his economic resources, with which he will be able to resolve his household's needs.
Álvaro hopes to continue fighting each day and provide his children with a better quality of life and an excellent education, since his dream is to see them progress and become professionals so that they can forge their own path of success and have a better quality of life.
Álvaro, a sus 48 años de edad, es casado y padre de dos hijos de 12 y 17 años. Proviene de una familia muy humilde que vivían en constante crisis económica, debido a esto tuvo que comenzar a trabajar desde que tenía 12 años, inició en el campo de la construcción y, con el paso del tiempo fue creciendo y adquiriendo mucha experiencia y conocimientos, por lo que se convirtió en maestro de obra y tenía varias personas a su cargo. Actualmente continúa desempeñándose en esta labor y ha logrado sacar adelante a su familia y ha educado a sus hijos, quienes se han convertido en el motor principal de su vida. El cliente se caracteriza por ser un hombre activo, perseverante y luchador, a pesar de todas las dificultades por las que ha pasado, siempre las supera y sigue avanzando. Esto lo lleva a solicitar el apoyo del crédito, con el que comprará una moto, para facilitar su traslado a diferentes poblaciones donde tiene contratos, así podrá cumplir con tiempos de entrega y disminuirá los gastos, mejorando así la rentabilidad de su negocio. Esto le permitirá aumentar los ingresos económicos con los que podrá solventar las necesidades de su hogar. De esta manera Álvaro desea seguir luchando para ser mejor cada día y brindar a sus hijos un mejor bienestar y una excelente educación, pues su sueño es verlos progresar y ser unos profesionales, para puedan forjar su propio camino de éxito y tengan una mejor calidad de vida.
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.