Thirty-three years ago, Alejandro was born into the bosom of a very modest rural family. They made their living as day laborers to support themselves. They taught Alejandro farm work as a young boy and when he grew, he harvested coffee with his parents. A while later, he learned the trade of "recycler" from an uncle, who got him into the work. When Alejandro had the chance to go out on his own, he opened a small store, where he works every day from 7:00am to 7:00pm. He collects items from different streets in the city and then re-sells them as recycled goods to generate the income he needs to support his family.
The loan that Alejandro is requesting is for investing in the purchase of scrap metal, iron and office equipment (filing items). This will allow him to capitalize on his business and later re-sell at a better price, which will give him a better profit.
Alejandro lives day to day motivated by his desire to get ahead and to see to his family's well-bring. His goal is to progress alongside his wife and be able to enjoy a better standard of living.
Alejandro nació hace 33 años en el seno de una familia campesina muy humilde que se dedicaban a trabajar como jornaleros para adquirir el sustento diario, desde pequeño le enseñaron las labores del campo y cuando creció trabajaba con sus padres recolectando café, un tiempo después aprendió el oficio de reciclador al lado de un tío que lo involucró en la labor. Cuando tuvo la oportunidad de independizarse, montó su propia bodega en la que trabaja todos los días de 7 am a 7 pm, recolectando los artículos por las diferentes calles de la ciudad y luego lo revende como reciclaje, así genera los ingresos para llevar el sustento a su familia.
El crédito que solicita es para invertirlo en la compra de chatarra, hierro y equipo de oficina (archivo), esto le permitirá capitalizar su negocio y luego revender a mejor precio; logrando un mayor nivel de utilidades.
Alejandro vive el día a día motivado por las ganas de salir adelante y poder seguir velando por el bienestar familiar, pues su propósito es progresar en compañía de su esposa y poder disfrutar mejores condiciones 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.