Nelson is a hardworking 38 year old man and has his own business; a men’s and boy’s clothing store. It’s located in the city center, in a location that was adjudicated by the public authorities. He works alone every day from 9:00 am to 7:00 pm and generates sufficient income to provide income to his household. He lives with his mother.
He wants to prepare for the December season and needs a loan to buy merchandise in quantity (shirts, jeans, jackets, and other things); so that he will have a variety to offer his customers to satisfy their diverse tastes and needs. This will increase his income.
Nelson’s objective is to accredit his business so he can face his main challenge, which is the disloyal competition in the area, which affects his finances. He wants to work with great endeavor and dedication to obtain the results he is looking for and be able to provide a better quality of life and wellbeing for his mother.
Nelson es un hombre trabajador, que a sus 38 años de edad, se dedica a atender su propio negocio, un almacén de venta de ropa para hombres y niños; éste se encuentra ubicado en el centro de la ciudad, en un local que le fue adjudicado por las autoridades de espacio público, trabaja solo todos los días de 9.00 am a 7:00 pm y, de esta forma genera los ingresos suficientes para llevar el alimento a su hogar en el que convive con su madre.
El cliente desea prepararse para la temporada decembrina, por lo que requiere el crédito para comprar mercancía al por mayor (camisetas, jeans, chaquetas, entre otros), así tendrá más variedad para ofrecer a sus clientes y satisfacer los diversos gustos y necesidades de los compradores; dando como resultado un incremento en los ingresos que percibe.
El objetivo principal de Nelson es acreditar aún más su negocio, para hacerle frente a su mayor desafío que es la competencia desleal que se presenta en el sector, afectando sus finanzas; por ello desea trabajar con empeño y dedicación para obtener los resultados que espera y poder dar una mejor calidad de vida y bienestar a su madre.
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.