Rodrigo, 55 years old, makes his living producing and selling burlap. He has been doing this work for 12 years, and he learned this trade while working as a salesperson at a warehouse. He has the support of one employee. He works every day both from a rented warehouse and from his house, since he balances his work with the care of his mother, with whom he lives. His biggest challenge is balancing his time between work and caring for his mother, since she is advanced in age and depends on him completely.
The loan that he is requesting is to buy raw materials at wholesale (flax and hemp). This way he will have enough available to increase his production and improve his income, which he uses to cover household expenses and his mother’s medical expenses, and to buy daily food.
Rodrigo states that his biggest wish is to have a point of sale that is close to his house to ease his work conditions and at the same time continue looking after the welfare of his mother.
Rodrigo, a sus 55 años de edad, se dedica a fabricar y comercializar estopa, lleva 12 años realizando esta labor y aprendió del oficio mientras trabajaba como vendedor de un almacén, cuenta con el apoyo de un empleado, trabaja todos los días tanto desde una bodega arrendada, como desde su casa, pues alterna su oficio con el cuidado de su madre con quien vive. Su mayor desafío es poder equilibrar el tiempo de trabajo y de cuidado a su madre, pues ya es una señora de avanzada edad y depende totalmente de él.
El crédito que solicita es para comprar materia prima al por mayor (lino y cáñamo), así tendrá disponibilidad suficiente para aumentar su producción y mejorar las ventas e ingresos, con los que solventa los gastos económicos de su hogar, suple los gastos médicos de su madre y brindar alimento diario.
Rodrigo manifiesta que su mayor anhelo es poder tener un punto de venta que sea cercano a su casa para facilitar las condiciones de trabajo y al mismo tiempo seguir velando por el bienestar de su madre.
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.