Luis is a young 24-year-old entrepreneur. After finishing his secondary studies, he decided to get training in systems because he has been interested in this subject from a young age. After some time, and with his father's financial support, he started his own business: an internet cafe that has been welcomed by the community and, bit by bit, has become positioned in the market. He works in his cafe every day from 10 am to 10 pm. With the passing of time, he has been increasing his services with photocopiers, phone minutes, cell phone accessories, printers, and stationery. This way, he has been able to generate an income to cover his personal costs and pay for his university studies.
He will invest this loan in the purchase of a laminating machine, a fridge, pop, and games. This will allow him to expand his portfolio and offer a more complete service which will solidify his customer base and improve his income.
Luis plans to finish his university studies and become a professional. In the future, he dreams of opening another service point. This will allow him to improve his living conditions and his well-being, as well as that of his family.
Luis es un joven emprendedor de 24 años de edad, que luego de culminar sus estudios secundarios, decidió capacitarse en el área de sistemas, pues desde pequeño se sintió atraído por este tema, luego de un tiempo y, con la colaboración económica de su padre, inició su propio negocio, un café internet que fue acogido por la comunidad y poco a poco se posicionó en el mercado, allí trabaja todos los días de 10 am a 10 pm, con el paso del tiempo fue ampliando sus servicios con fotocopias, venta de minutos y accesorios para celular, impresiones y venta de artículos de papelería, así ha logrado generar ingresos para solventar sus gastos personales y para pagar sus estudios universitarios.
El crédito que solicita será invertido en la compra de una máquina plastificadora, una nevera y surtido de gaseosas y jugos; esto le permitirá ampliar su portafolio y podrá ofrecer un servicio más completo con el que logrará fidelizar su clientela y mejorará los ingresos que percibe por su labor.
Luis tiene como propósito terminar sus estudios universitarios para ser un profesional y, en un futuro a mediano plazo sueña con abrir otro punto de servicio, así podrá mejorar las condiciones de vida y bienestar tanto propio como el de su familia.
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.