Eucario was born into a humble family in a town in western Antioquia. During his working years he has been lending his services taxiing passengers in the town where he lives and in neighboring areas. He came to this idea due to the need to generate income in order to provide for his family, made up of his wife and his only child. He can take advantage of the fact that the town is well known as a striking tourist destination, and he also has regular customers seeing as he is recognized as one of the pioneers in this type of work as a motorcycle taxi. He works everyday from 7:00 am to 9:00 pm to take advantage of the abundance of people from the region and the tourists who come to visit the town.
Currently Eucario is requesting this loan in order to complete maintenance on his vehicle, purchase spare parts, and pay down the remaining balance on the value of the motorcycle. This will allow him to bring a greater level of security to his passengers, as they depend on the continuity of his work, especially during the coming holiday season in which the tourism in the region, and thus his income, increases. Eucario only wishes to continue safeguarding the wellbeing of his family, offering them a good level of economic stability that will allow them to enjoy a better quality of life together.
Eucario nació en el seno de una familia humilde en un pueblo del occidente antioqueño; durante su vida productiva se ha dedicado a trabajar prestando el servicio de transporte de pasajeros dentro del pueblo donde vive y en veredas cercanas; la idea surgió de la necesidad de generar recursos económicos para sostener a su familia, conformada por su esposa y su único hijo, aprovechando la ventaja de que el pueblo es reconocido por ser un lugar muy turístico y llamativo, además cuenta con clientela fija ya que es reconocido por ser uno de los pioneros en prestar este tipo de servicio de transporte en moto; trabaja todos los días de 7:00 am a 9:00 pm para aprovechar la afluencia de personas de la región y los turistas que llegan a visitar el pueblo. Actualmente solicita el crédito con el fin de realizar mantenimiento al vehículo, comprar repuestos y cancelar el saldo que tiene pendiente para cancelar la totalidad del valor de la moto; esto le permitirá brindar mayor seguridad a sus pasajeros, pues de ellos depende la continuidad en su labor, especialmente en la temporada de navidad que se aproxima, en la que el turismo de la región aumenta y por ende se beneficia de ello para aumentar sus ingresos. Eucario sólo desea seguir velando por el bienestar de su familia, ofrecerles una estabilidad económica favorable que les permita disfrutar de una mejor calidad de vida en unión.
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.