Arbey, a very well-known footwear distributer in Medellín, has been conducting sales as a street vendor for nineteen years. He is requesting a loan to purchase new styles of sandals because his customers are requesting them, and he wishes to maintain his stable sales volume so that he can continue unconditionally supporting his 20 year old son who is studying at the university. Being a supplier of sandals, he has to change styles constantly if he wants to retain customer loyalty, and says that no matter what route you take, the variety of shoes you have doesn’t matter because the competition is strong. The weakest have had to close due to lack of sales. He dreams of having a large store with several employees and has started tallying how much he needs to achieve his goal. He knows that he must make sales and have capital for his dream to take shape. For this reason, he needs lenders’ support and knows that he still needs five loans with very good payment history.
Arbey es un muy reconocido distribuidor de calzado en la ciudad de Medellín pues lleva 19 años operando vendiendo en las calles.
Solicita un crédito para la compra de nuevos estilos de sandalias pues sus clientes se lo requieren y si quiere seguir con su volumen de ventas estable para seguir apoyando incondicionalmente a su hijo de 20 años de edad que está estudiando en la universidad.
Al ser un proveedor de sandalias tiene que estar cambiando constantemente los estilos si quiere fidelizar los clientes y ya no importa el recorrido que lleves si no la variedad de calzado que tengas pues la competencia es fuerte y el más débil ha tenido que cerrar por falta de ventas.
Sueña con tener un gran almacén con varios empelados sueño que está poniendo en marcha haciendo cuentas de cuanto necesita para lograr este objetivo y sabe que para ello debe vender u tener capital para darle forma a su sueño por tal motivo requiere el apoyo de los prestadores y aun sabiendo que lleva 5 créditos con un muy buen habito de pago.
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.