Davison is a young entrepreneur of 20 who does not have sufficient economic resources, and for that reason he earns a living working as an independent businessman. He makes cotton candy, and he sells it as a street vendor in the different streets of the town where he lives. Thus he generates sufficient resources to pay the household expenses.
The loan that he has applied for will be a help to capitalize his business. With the money, he will buy basic ingredients wholesale (sugar, vegetable dye, and little wooden sticks). This will allow him to obtain the ingredients at a lower cost, which translates into an increase in profitability and in his income from selling his products.
Davison, with his effort, discipline, and dedication, wants to advance in his business, and in the future he wants to become a wholesale distributor of sweets. Thus little by little he will be able to improve his quality of life and his well-being.
Davison es un joven emprendedor de 20 años de edad, que no cuenta con los recursos económicos suficientes y por ello se gana la vida trabajando como comerciante independiente, elabora algodones de azúcar y los vende de forma ambulante por las diferentes calles del municipio donde reside, así genera los recursos suficientes para solventar los gastos del hogar.
El crédito solicitado es un apoyo para capitalizar su negocio, con el dinero comprará materia prima al por mayor (azúcar, anilina vegetal, palitos de madera), esto le permitirá obtener los insumos a un menor costo, lo que se traduce en un aumento de la rentabilidad y los ingresos al vender los productos.
Davison, con su empeño, disciplina y dedicación desea sacar adelante su negocio y en un futuro quiere convertirse en un distribuidor mayorista de dulces, así podrá mejorar poco a poco su calidad 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.