Luis is a hardworking and humble 53-year-old man, he is married and father to four children who he has got ahead in life through a lot of effort and perseverance. He has been working as an independent sales person for the last 20 years selling fruit and vegetables, because he needed to generate an income to get by, he started with a cart which he pushed through many streets in the city selling fresh fruit and vegetable. Little by little, with the good profits he made from his work he managed to buy a vehicle, of an old model, but which has worked and allowed him to continue working in a more comfortable manner.
The loan that Luis is seeking is to invest in the repair of the vehicle and to purchase fruit and vegetables in bulk, this will enable him to continue offering a good service to his customers who, given his long service in this field, know him and buy from him on a daily basis. Luis dreams of having the financial capacity to give his children a secondary and tertiary level of education so that they become well-rounded and successful professionals and that they can enjoy better living and life conditions.
Luis es un hombre trabajador y humilde de 53 años de edad, casado y padre de 4 hijos a los que ha sacado adelante con gran esfuerzo y constancia.
Desde hace 20 años trabaja como comerciante independiente, vendiendo frutas y verduras, inició por la necesidad de generar recursos para su subsistencia, con una carreta que llevaba por varias calles de la ciudad ofreciendo frutas y verduras frescas, poco a poco, con los buenos resultados obtenidos en su labor, logró adquirir un vehículo de un modelo antiguo pero que le ha funcionado y le ha permitido seguir con su labor de una manera más cómoda.
El crédito que solicita lo invertirá en la reparación del vehículo y en la compra de surtido al por mayor de frutas y hortalizas, esto le permitirá seguir prestando un buen servicio a los clientes, que por su amplia trayectoria en el sector lo reconocen y le compran diariamente.
Luis sueña con tener la capacidad económica para brindar educación secundaria y universitaria a sus hijos, para que sean profesionales íntegros y exitosos, y puedan disfrutar de mejores condiciones de vida y bienestar.
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.