Cesar is a man who looks for income-generating opportunities so that he can sustain his family. He lives in Planeta Rica, Córdoba, and rents out washing machines in his community. Cesar started this business because he saw people who needed to do their laundry. On many occasions there has been drought, so there have been times where very little water has been used other than for consumption. At that time, Cesar decided to invest some of his savings by purchasing two washing machines so that he could provide this service.
Today he is requesting financial assistance so that he can purchase two additional washing machines and a clothes dryer. This would enable him to serve a larger number of customers. As a result, he can increase the revenue from his services and offer better quality. His greatest wish is to maintain his current business so that he can get his family out of poverty.
Cesar es un hombre en busca de oportunidades para obtener ingresos y así poder sostener a su familia.
Vive en Planeta Rica, Córdoba y se dedica al alquiler de lavadoras en su comunidad.
Inicio este negocio al ver que la gente necesitaba de un servicio para lavar su ropa ya que habían muchos tiempos de sequia en los que la poco agua que había era utilizada solo para el consumo.
Fue así como decidió invertir algunos ahorros en la compra de dos lavadoras para prestar el servicio.
Hoy en día solicita un auxilio económico para la compra de dos lavadoras adicionales y una secadora de ropa, de esta manera poder atender una mayor cantidad de clientes, así podrá aumentar la venta de sus servicios y con buena calidad.
Su mayor sueño es poder mantener su actividad vigente y sacar a su familia de la pobreza.
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.