Gustavo is a young, active entrepreneur. He is 21 years old and recently graduated from a university where he obtained his bachelor's degree, majoring in education. Gustavo paid his expenses with earnings from his shoe sales, which allowed him to finish his education and is currently his primary source of income. Gustavo helps his mother financially to maintain their home.
He will invest this loan to buy an assortment of shoes and underwear so that he has a wider variety to satisfy the tastes and needs of his customers, which will increase his earnings. Gustavo dreams of being able to become a teacher and generate a better income to help more with his family's expenses and to take care of this mother and his siblings.
Gustavo es un joven emprendedor y activo de 21 años de edad, recién egresado de la universidad, donde realizó estudios de licenciatura para ser docente, solventaba sus gastos con los ingresos que obtiene por la venta de calzado, lo que le permitió culminar sus estudios y actualmente es su principal fuente de ingresos para apoyar a su madre con la carga económica del hogar. El crédito que solicita lo invertirá en la compra de surtido de ropa interior y calzado, así tendrá mayor variedad para satisfacer los gustos y necesidades de sus clientes, mejorando los ingresos.
Gustavo sueña con poder ejercer su profesión como docente y generar mejores ingresos para aportar en mayor proporción a la economía familiar y velar por el bienestar de su madre y sus hermanos.
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.