Javier, 52 years old, has dedicated himself to strengthening and establishing his business gradually: a butcher and liquor shop that he started 18 years ago with some savings he had and with the help of some friends who are dedicated to the same job. His working day is from 5PM to 2AM and he generates employment at the weekend when his customers and sales increase.
His main purpose is to structure his business better, which continues to generate better profits. For this, he wishes to strengthen his inventory of pastries, sodas, beers, cigarettes, liquor, among other things, with which he will have greater variety to satisfy the tastes of his customers and therefore achieve the results he wishes to see. So with the profit his business generates he can provide support and education to his two children. Additionally, he will be able to enjoy a greater quality of life and well-being in the company of those he loves.
Javier, a sus 52 años de edad, se ha dedicado a fortalecer y acreditar poco a poco su negocio; una salsamentaría y licorera que inició hace 18 años, con unos ahorros que tenía y con la orientación de algunos amigos que se dedican a la misma actividad; su horario de trabajo es de 5 pm a 2 am y, genera un empleo para los fines de semana en los que se incrementa la clientela y sus ventas.
Su principal propósito es estructurar mejor su negocio, que cada vez genere mejor rentabilidad, para ello desea fortalecer su inventario de mecato, gaseosas, cervezas, cigarrillos, licor, entre otros; con lo que tendrá más variedad para satisfacer los gustos de sus clientes y así lograr los resultados que anhela ver, pues con la utilidades que su negocio genera, él puede brindar sustento y educación a sus 2 hijos, además podrá disfrutar una mejor calidad de vida y bienestar en compañía de los que ama.
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.