Carlos was a professional soldier, but tired of this work, he decided to ask for leave, and with some savings he had, decided to start his own business, a lithograph press located in his home. There he works with his wife every day from 8:00 a.m. to 6:00 p.m., printing books that he publishes, and this way generates enough resources to support his wife and their small three-year-old son.
Currently he is requesting his first loan, so that he can invest in the purchase of supplies at wholesale (paper, cardboard and inks), with which he will be able to print a greater quantity of books to sell, and generate the income with which he supports his family's needs.
Carlos dreams of making his business grow and someday wishes to be able to go out on his own from the family home, as the space in which he works is limited and sometimes inconvenient, and he knows that by achieving this independence between home and business he will be able to improve the quality of life of those he loves.
Carlos fue soldado profesional pero, cansado de esta labor, decidió pedir la baja y con algunos ahorros que tenía, decidió emprender su propio negocio, una litografía que se encuentra ubicada en su lugar de residencia, allí trabaja en compañía de su esposa todos los días de 8:00 am a 6:00 pm, imprimiendo libros que saca a circulación y, de esta manera genera los recursos suficientes para brindar sustento a su esposa y a su pequeño hijo de 3 años de edad. Actualmente solicita su primer ciclo de crédito para invertirlo en la compra de insumos al por mayor (papel, cartón y tintas), con la que podrá imprimir mayor cantidad de libros para comercializarlos y así generar los ingresos con los que sustenta las necesidades de su familia. Carlos sueña con hacer crecer su negocio y en un futuro desea poder independizarlo de su unidad familiar, pues el espacio en el que trabaja es reducido y algunas veces incómodo, y sabe que logrando esta independencia entre hogar y negocio, podrá mejorar la calidad de vida de los que ama.
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.