Victor is a very hardworking young man who's had a great passion for motorcycles since he was a boy, to the extent that he began working as a mechanic assistant at an early age. He learned many skills there and has perfected them by doing jobs for friends on his own. The aforementioned friends referred him to other people and that's how his customer base started growing until he made the decision to set up his own shop providing repair service and selling replacement parts. Thanks to this business he's able to financially help his family. Within 3 years he plans on having a shop with 5 employees providing repair services and 2 selling replacement parts from a warehouse. He'll invest the loan in the purchase of replacement parts and tools for his warehouse since on several occasions he's had to borrow tools from other shops to finish a repair job. This is why the loan will be a huge help for Victor's plans to move forward.
Víctor un muy trabajador joven que desde muy joven ha sentido gran pasión por las motocicletas, tanto que desde muy joven comenzó como ayudante de taller donde aprendió muchas habilidades las cuales perfecciono realizando trabajos como independiente para amigos, dichos amigos lo referían a otras personas y así fue creciendo el volumen de clientes hasta que tomo al decisión de montar su propio taller donde oferta servicio de reparación y venta de repuesto.
Gracias a este negocio puede ayudar económicamente a su familia.
Se proyecta en un periodo de 3 años tener un taller con 5 empleados realizando reparación de motos y 2 más en un almacén vendiendo los repuestos.
El crédito lo invertirá en compra de repuestos y herramientas para su almacén pues en varios ocasiones debe prestar en otros talleres las herramientas para realizar una reparación por esta razón el crédito será de gran ayuda para las intenciones de progreso del señor Víctor
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.