Andrés is a young entrepreneur. He is dynamic and active at 18 years old. He works as an independent salesman. He sells shoes, an activity he has done for a year and he learned in an organic way. His goal is to be able to earn enough money to support his household costs and his wife.
He is asking for a loan that will be used to purchase wholesale merchandise like tennis, shoes and sandals. This will allow him to have a greater variety available to his customers and to be able to satisfy their diverse tastes. This will help him to increase his earnings.
Andrés says that his biggest dream is to have his own shoe store, well stocked and profitable and to be able to enjoy a better quality of life and well-being with his wife.
Andrés es un joven emprendedor, dinámico y activo de 18 años de edad, dedicado a trabajar como comerciante independiente, vendiendo calzado por encargo, la actividad la realiza desde hace un año y aprendió de manera empírica, con el ideal de generar ingresos para solventar los gastos de su hogar que conformó con su compañera sentimental.
El crédito solicitado será invertido en la compra de mercancía al por mayor (tenis, zapatos, sandalias), esto le permitirá tener mayor variedad disponible para ofrecer a sus clientes y satisfacer los gustos diversos, lo que se reflejará en el incremento de los ingresos.
Andrés manifiesta que su mayor anhelo es tener un almacén de calzado, con buen surtido para garantizar un mayor nivel de rentabilidad y poder disfrutar con su esposa 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.