He is requesting a loan to buy bulbs, fertilizer and irrigation.
His principal advantage is that where he works there is a retailer where he will buy his product from; because of this, his dream is to see this loan become a reality and start working on his product as soon as possible.
Solicita un crédito para la comprar esquejes (plantas fragmentadas para reproducir), comprar abonos y riegos.
Su principal ventaja es que donde trabaja hay una comercializadora que le comprara su producto, por tal motivo su sueño es ver convertido en realidad este crédito y empezar a trabajar en su producto lo antes posible.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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