Martín is a humble, charismatic and hard-working 41 year old man who strives daily to get his wife and adolescent son ahead.
Four months ago he started to distribute cereals and other products independently to various stores and supermarkets in the area. He transports the product in his own vehicle and only works during the week. With the income he generates he can pay the household expenses and provide education for his child.
The loan Martín is requesting will be invested in the purchase of a variety of cereals, wholesale and to fix his vehicle. Then he can continue with his labor, fill his orders in a timely manner and increase his sales.
Martín dreams of consolidating and strengthening his business making himself known, so as to be sustainable over time. Thus he could guarantee financial stability for his family and provide a university education for his child.
Martín es un hombre humilde, carismático y trabajador de 41 años de edad que día a día lucha para sacar adelante a su esposa y su hijo adolescente.
Desde hace 4 meses comenzó a trabajar de manera independiente, distribuyendo cereales y otros productos en las diferentes tiendas y supermercados del sector, el producto lo transporta en un vehículo propio y trabaja solo todos los días de la semana; con los ingresos que genera su labor, logra solventar los gastos básicos del hogar y brindar educación a su hijo.
El crédito solicitado será invertido en la compra de surtido al por mayor de cereales y en el arreglo del carro, con esto podrá darle continuidad a su labor y aumentar así las ventas, además podrá entregar los pedidos de manera oportuna.
Martín sueña con acreditar y fortalecer más su negocio, logrando reconocimiento para darle permanencia en el tiempo y así garantizar una estabilidad económica favorable a su familia y brindar una buena educación universitaria a su hijo.
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.