Hernán is a charismatic and hard-working man. He lives with his spouse and his two sons, whom he supports with great effort and dedication. He has 34 years' worth of experience as an optician, thanks to his work as an employee for different opticians in the city. 13 years ago, he decided to set up his own business in order to improve his income for the sake of his family. He saw it as a good opportunity since he had already accumulated the necessary knowledge and experience. His shop opens Monday to Saturday, from 8 am to 7 pm, and sells all types of prescription spectacles. From it, Hernán derives the income he needs to support his family. With a view to improving the range of goods on offer, he asks for a loan in order to buy lenses and frames wholesale. Thus, he will be able to meet customer demand for innovative products and more choice in designs. He expects to increase his sales in this way. His greatest wish is to strengthen his business in order to have more financial stability in the future, so as to enjoy a better life with his family, as well as peace in his old age.
Hernán es un hombre carismático y trabajador, vive con su esposa y sus dos hijos a los que ha sacado adelante con gran esfuerzo y dedicación. Su experiencia laboral de 34 años, fue adquirida trabajando como empleado en diferentes ópticas de la ciudad pero, desde hace 13 años decidió independizarse y aprovechar la oportunidad de generar mejores ingresos para su familia, pues ya poseía la experiencia y el conocimiento suficiente en el manejo de este tipo de negocios. Su óptica presta los servicios de lunes a sábado de 8:00 am a 7:00 pm, allí ofrece todo tipo de lentes y monturas bajo fórmula; de esta forma genera los recursos suficientes para solventar los gastos de su familia.
Con el ánimo de mejorar su portafolio, solicita el apoyo del crédito para comprar surtido al por mayor (lentes y monturas), así estará en la capacidad de satisfacer la demanda con productos innovadores y de diversos diseños que satisfagan los gustos de su clientela; dando como resultado un incremento en los ingresos por ventas.
Su mayor anhelo es fortalecer su negocio para que en un futuro cercano le permita tener una estabilidad económica favorable para poder disfrutar con su familia un mejor bienestar, calidad de vida, y una vejez tranquila.
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.