Luis is a restless and productive worker who's business is selling clothing in towns. But since this work generates some dead time he wants to take advantage of this to buy a clothes washing machine to rent. His business has been fruitful and he can expand it. Today he has 5 washing machines and he hopes to have a greater number of them to increase his income without interrupting his other commercial activities. He is one of those people who cannot be still, he needs to be working to feel good.
Luis lives with his wife and 3 children and his dreams involve them. he wants to remodel his house, constructing a nice kitchen and continue to provide his children with the opportunity to study. For these reasons he is requesting a loan to buy a washing machine and merchandise, basically to boost his businesses a bit.
Luis es un inquieto y productivo trabajador que se dedicó a la venta de ropa en pueblos, pero como este oficio le generaba tiempos muertos quiso aprovecharlos y compro una lavadora para alquilar, como su negocio fue dando frutos puedo ampliarse y hoy en día cuenta con 5 lavadoras y aspirando a tener mayor numero para aumentar sus ingresos sin descuidar su otra actividad productiva pues es uno de eso hombres que no puede estarse quieto y tiene que trabajar para sentirse a gusto.
Luis vive con su pareja con la cual tiene 3 hijos y sus sueños están entorno a estos, quiere remodelar su hogar, construir una linda cocina y seguir brindándoles a sus hijos la oportunidad de estudiar por esta razón solicita un crédito para la compra de una lavadora y mercancía, básicamente para potenciar más su negocio
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.