Carlos has had the chance to make steady progress and now, at the age of 30, knows exactly what he wants to do for a living. He started out as a messenger, then became an assistant in a car repair workshop and he is now totally committed to working as a mechanic and making small tools for his work. he has a small workshop near some houses, where he does his work and earns his living. He hopes to be able to have a bigger workshop and to be able to manufacture a wider range of tools. For this reason, he is applying for financial assistance to buy raw materials so that he can launch his big project.
Carlos ha tenido la oportunidad de progresar lentamente y a sus 30 años tiene muy claro que es lo que quiere para su vida.
El inicio siendo mensajero, luego paso a ser ayudante en un taller de mecánica y hoy en día se dedica en pleno a la mecánica y la fabricación de pequeñas herramientas para el trabajo.
El tiene un pequeño espacio cerca de casas donde realiza todos sus trabajos y desde allí consigue los recursos para subsistir.
El tiene la esperanza de poder tener un taller más grande y tener una producción de herramientas mucho más amplia. Por esta razón acude a un apoyo económico para comprar materia prima y así poder iniciar con su gran proyecto.
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.