Leonardo is 35 years old, married, and the father of 8 children who he has gotten ahead with great effort.
During his lifetime he has worked on his own, repairing leather items, and learned this by watching. This has become his main source of income and he has been doing this for many years, so he is well known in the area. He also passes out flyers in other adjacent neighborhoods in order to attract new customers and generate more income to support his family.
He is asking for his first loan to buy supplies in quantity (leather, thread, needles, leather polish, etc.). This will allow him to fill his customer orders and have items on hand.
Leonardo looks to the future, changing his residence so he can be in a more visible location and accessible to his customers. This way his sales will improve and he can provide his family with better living conditions for his family and a better education for his son.
Leonardo es un hombre de 35 años de edad, casado y padre de un hijo de 8 años, a quien ha sacado adelante con mucho esfuerzo.
Durante su vida productiva se ha dedicado a trabajar de manera independiente, haciendo reparaciones de artículos en cuero, esta actividad la aprendió por medio de la observación y se ha convertido en su principal fuente de ingresos; lleva muchos años realizando la labor y por ello ya es reconocido en el sector, además reparte volantes publicitarios en otros barrios aledaños con el fin de atraer nuevos clientes y poder generar mejores ingresos para sustentar las necesidades básicas de su familia.
Solicita su primer crédito con el ánimo de comprar materia prima al por mayor (retazos de cuero, hilos, agujas, betún para cuero, entre otros), esto le permitirá tener disponibilidad de insumos para cumplir con los trabajos que le encargan y así entregar el artículo de manera oportuna a sus clientes.
Leonardo se proyecta hacia el futuro, cambiando el lugar de residencia, para ubicarse en una zona más visible y que sea de fácil acceso para sus clientes, así podrá mejorar las ventas y brindar a su familia mejores condiciones de vida y una educación de mayor calidad a su hijo.
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.