Luciano, after working for a long time in the countryside performing farming work, decided to move to the city of Medellin 12 years ago to look for opportunities to get ahead. It was this way that he started his business selling fruits and vegetables from a stall located on the street. It is work he does on foot, every day of the week. A friend taught him this work and, from that moment, this work has become his main source of income.
He dreams of being able to stop working on foot and have a shop where he can display and sell his products. He is requesting economic assistance to buy a big stock of fruit and vegetables that will allow him to have a higher level of sales. With the loan, he will be able to grow his business and give him a major boost to keep working.
Luciano, luego de trabajar mucho tiempo en el campo realizando trabajos de agricultura, decidió desplazarse hasta la ciudad de Medellín hace 12 años para buscar oportunidades de salir adelante. Fue así como inicio con un negocio de venta de frutas y verduras en un puesto ubicado en la calle.
Es una actividad que viene realizando de manera ambulante y todos los días de la semana. Este oficio se lo enseño un amigo y desde ese momento esta actividad se convirtió en su principal fuente de ingresos.
El sueña con poder dejar de trabajar de manera ambulante y tener un local donde pueda exhibir y vender sus productos.
Solicita un auxilio económico para comprar un amplio surtido de frutas y verduras que le permitirán tener un nivel más elevado de ventas.
Con el crédito podrá crecer su negocio y darle un impulso importante para continuar trabajando.
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.