Oscar has been characterized as being a hardworking, friendly man and an exemplary father and husband. He works as a metalworker, with more than 37 years' labor experience. He started doing training courses as a solderer and he began working as an employee in different workshops for 5 years. Later, he decided to make himself independent and start his own business where he has worked alone every day. The establishment has been working for 32 years.
Amongst his clients you will find different gas stations, where he offers the service of structural maintenance. In this way, he has generated the necessary resources to give food and an education to his two children.
Currently, he is applying for a loan with the aim to strengthen his business. With the money, he will buy a small-point soldering gun, a drill and materials to make his products. This will permit him to fulfill the contracts that he has pending and, in addition, he will be able to improve sales to generate a better level of income.
Oscar says that his medium term goal is to have has business well credited and strengthened, which will permit him to have an economic stability to cover family expenses and to have the possibility of improving the conditions in which he lives with his family, opening the door to be able to enjoy a better quality of life.
Oscar se ha caracterizado por ser un hombre trabajador, amable y un padre y esposo ejemplar. Se desempeña como cerrajero, con una experiencia de más de 37 años en la labor; inició realizando cursos de capacitación como soldador y comenzó trabajando como empleado en diferentes talleres durante 5 años; luego decidió independizarse y montar su propio negocio en el que ha trabajado solo todos los días, durante los 32 años que lleva funcionando el establecimiento; entre sus clientes se encuentras diferentes estaciones de gasolina a las que les presta el servicio de mantenimientos estructurales; así ha generado los recursos necesarios para dar alimento y educación a sus dos hijos.
Actualmente solicita el crédito con el ánimo de fortalecer su negocio; con el dinero comprará un soldador de punto pequeño; un taladro y materiales para elaborar sus productos; esto le permitirá cumplir con los contratos que tiene pendientes y además podrá mejorar las ventas para generar un mayor nivel de ingresos.
Oscar manifiesta que su propósito para mediano plazo es tener su negocio bien acreditado y fortalecido, que le permita tener una estabilidad económica para solventar los gastos familiares y para tener la posibilidad de mejorar las condiciones en las que vive con su familia; abriéndose paso para disfrutar una mejor calidad de vida.
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.