Fabio is a very enterprising 21 year old man. Thanks to the knowledge he gained at home Fabio was able to work in workshops in the clothing sector until the day came when he decided to open his own workshop. He did this with great effort, humility and thanks to the loans he received from the organization, with his excellent credit record.
Since he wants his business to grow and to be able to employ others, Fabio is asking for a loan to buy fabric, thread and other articles for making clothing. With the help of this loan he will be able to begin his own line of clothing and employ people, growing and building his income to support his mother and father in paying the costs of the household.
Fabio dreams of having a big clothing workshop with an excellent work atmosphere, many employees with big smiles and music to lighten their hearts.
Fabio es un joven de 21 años de edad soltero y muy emprendedor que gracias a los conocimientos adquiridos en su hogar logro empelarse en tallares de confección hasta que llego el día que decidió montar su taller con mucho esfuerzo, humildad y gracias a dos créditos que tuvo en la corporación con excelente habito de pago.
Como su idea es crecer y poder emplear gente quiere solicitar un crédito para la compra de tela, hilos e insumos de confección, con la ayuda de este crédito asacara su propia línea de ropa y podrá emplear personas creciendo y fortaleciendo sus ingresos para apoyar a su madre y padre con los gastos del hogar.
Sueña con tener un taller grande de confección, lleno de empleados y de un excelente ambiente laboral rodeado de grandes sonrisas y música que alegre corazones
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.