Sergio is 20 years old. He is a young entrepreneur who, motivated by his desire to get ahead and with the support of his family members, started his own business, a delicatessen and liquor store. He works there Thursday through Sunday, until the early morning hours. His place offers an atmosphere that where it is nice to spend some time.
He will use the loan that he is requesting to buy a sound system, tables, chairs, an awning, and stock at whole-sale price (baked goods, soft drinks, and liquors). This will allow him to improve his location and he will be able to offer better service to his customers. He will also have better sales and improve his income.
Sergio, with his dynamism and drive, wants to continue working with discipline and perseverance so that he can buy his own larger location. There he would be able to offer employment opportunities and guarantee better profitability so he can continue re-investing in his business and also contributing to his household budget.
Sergio a sus 20 años de edad, es un joven emprendedor que impulsado por sus ganas de salir adelante y con el apoyo de sus familiares inició su propio negocio, una charcutería y licorera en la que trabaja de jueves a domingo hasta las horas de la madrugada, ofrece un ambiente para pasar un rato ameno.
El crédito que solicita lo invertirá en la compra de una planta de sonido, mesas, sillas, una carpa y surtido al por mayor (mecato, gaseosas y licores), esto le permitirá mejorar la capacidad instalada y podrá ofrecer un mejor servicio a sus clientes, además tendrá mayor nivel de ventas y mejorará los ingresos.
Sergio, con su dinamismo y empuje, quiere seguir trabajando con disciplina y constancia para poder adquirir un local propio, más amplio, en el que pueda ofrecer oportunidades de empleo y así garantizar una rentabilidad mayor para seguir reinvirtiendo en su actividad y aportar a la economía de su hogar.
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.