David is a young entrepreneur and active 18-year-old college student and independent businessman. He is currently has his own company, a perfume store that he started about 1 year ago, where he sells male and female fragrances. With this, he makes sufficient income to contribute to his household and to cover the costs of his studies.
The loan requested will be invested to purchase of a display case and an assortment of fragrances, so he will have a bigger variety to offer his customers to meet their varying tastes, thus increasing sales and income. David says that his biggest dream is to graduate and become an upstanding and successful professional. He also wants to get another storefront to open a branch of his business and make a good and stable income, to enjoy a better standard of living, and well-being for him and his family.
David es un joven emprendedor y activo de 18 años de edad, estudiante universitario y comerciante independiente.
Actualmente se dedica a trabajar en su propio negocio, una perfumería que inició hace aproximadamente 1 año, en la que ofrece fragancias femeninas y masculinas, así logra generar los recursos suficientes para aportar a la economía de su hogar y para solventar los gastos de sus estudios.
El crédito que solicita será invertido en la compra de una vitrina y surtido de fragancias, así tendrá más variedad disponible para ofrecer a sus clientes y satisfacer los diversos gustos, ocasionando así un incremento en las ventas y en los ingresos que percibe por su labor.
David manifiesta que su mayor sueño es poder graduarse y ser un profesional íntegro y exitoso, además quiere obtener otro local para abrir una sucursal de su negocio y así generar una estabilidad económica favorable para disfrutar un mejor nivel de vida y bienestar en compañía de su familia.
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.