Ancizar is a vigrous and hard-working 36 year old. He lives with his common-law wife and two children 5 and 10 years old. They are his principal motivation to get ahead. For 18 years he has worked independently selling cleaning products and merchandise on order like clothing and shoes. Also he has started a small business selling juices and fried foods. His wife helps him. It is located in the center of the city. He works from 7am until 6 pm and through this he pays his household expenses.
With the aim of strengthening his business he will use the loan to buy 3 blenders and a semi-industrial orange juicer. He wants to expand and place his business in a small stand. Then he can expand his capacity and be able to satisfy the demand for his product.
Ancizar says that his main dream is to have a large well-known business where he can offer a variety of products. He wants to stabilize his household finances so he can provide his children with a higher standard of living and education.
Ancizar es un hombre pujante y trabajador de 36 años de edad, vive en unión libre con su compañera sentimental y sus dos hijos de 10 y 5 años, quienes se han convertido en su principal motivación para salir adelante.
Desde hace 18 años trabaja de manera independiente, vende productos de aseo y mercancía por encargo como ropa y calzado; adicionalmente comenzó un pequeño negocio de venta de jugos y alimentos fritos, en el que recibe el apoyo de su esposa, se encuentra ubicado en el centro de la ciudad, trabajan de 7 am a 6 pm y así logra complementar los ingresos para solventar los gastos básicos del hogar.
Con el ánimo de fortalecer y acreditar su negocio, invertirá el crédito solicitado en la compra de 3 licuadoras y un exprimidor de naranjas semi industrial, pues desea ampliarse y montar el negocio en un pequeño local, así podrá aumentar su capacidad instalada y estará en la capacidad de satisfacer la demanda de sus productos.
Ancizar manifiesta que su mayor anhelo es tener un negocio grande y reconocido en el sector, en el que pueda ofrecer gran diversidad de productos y mejorar la estabilidad económica del hogar, para dar a sus hijos una mejor calidad de vida y educación.
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.