Daniel is a young entrepreneur who is dynamic and responsible. At the age of 20 he is taking care of his own personal costs as well as paying for his university studies. He does all of this with the profits he makes from selling merchandise and products from catalogues, which he started doing as an alternative means of making an income. His main customers are his fellow students, neighbours and friends and he works every day without a fixed routine.
In order to strengthen his business, he is asking for the loan to buy merchandise wholesale and on special offer (lotions, clothing, accessories, cosmetics and other items). This will enable him to have a larger variety of products available for sale and so he will be able to satisfy the needs and tastes of his customers. This will lead to an increase in sales and in the profit margin he makes.
Daniel says his main dream is to have the financial resources to continue paying for his studies and finish his degree course in Administration. Later on, he would like to have the possibility of improving his quality of life.
Daniel es un joven emprendedor, dinámico y responsable, a sus 20 años de edad se encarga de solventar sus gastos personales y además paga sus estudios universitarios, todo esto con las ganancias que obtiene de la venta de mercancía y productos por catálogo que inició como alternativa para generar ingresos; sus principales clientes son compañeros de estudio, vecinos y amigos y trabaja todos los días sin un horario establecido.
Con el ánimo de fortalecer su negocio, solicita el apoyo del crédito para comprar mercancía al por mayor y en promociones (lociones, ropa, accesorios, cosméticos, entre otros), esto le permitirá tener mayor variedad de productos disponibles para la venta, así podrá satisfacer las necesidades y gustos de sus clientes, dando paso a un incremento en las ventas y en el margen de utilidades que percibe.
Daniel manifiesta que su principal sueño es lograr tener la capacidad económica para seguir pagando sus estudios y culminar su carrera profesional en Administración y, más adelante, tener la posibilidad de mejorar su calidad 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.