Heriberto has been working selling fruits and vegetables for twenty years in the local market square of Itagüí. Before that he used to work transporting produce, but there came a time when he decided to start his own business and by using the contacts he had made on the job he was able to set up his stand and start earning an income on his own.
He is a very able person and his age doesn't prevent him from having dreams or getting excited about the future. He wants to leave his business to his children and for them to keep it going.
He is requesting a loan to buy wholesale products to stock his stand with a variety of produce. The help from this loan will allow him to ensure his business prevails.
Desde hace 20 años el señor Heriberto se dedica a la venta de legumbres y frutas en la plaza de mercado del municipio de Itagüí, antes trabajaba como transportador de estos alimentos pero llego un momento en el que decidió establecerse con un negocio propio y aprovechando los contactos que había obtenido en este trabajo, pudo montar su propio puesto de venta y comenzar a ganar ingresos por su propia cuenta.
Es una persona muy capaz y su edad no le impide soñar e ilusionarse con un buen futuro para él y sus hijos, tanto así que sueña con heredarles el negocio y que estos continúen con él.
Solicita un préstamo para la compra de surtido al por mayor y poder abastecer su puesto de trabajo con variados productos.
Con la ayuda del crédito podrá garantizar la permanencia de 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.