In addition to the fact that his business is his only source of emplyment, Hugo Alonso feels that his business serves as therapy so that he can feel like a useful man in society. He suffers from a disability at birth, which has not been an impediment for this entrepreneur to give life to his business. He sells sweets and cell phone minutes at the Barbosa municipal park, which is close to Medillín.
Hugo is proud to be a small businessman. He is proud that, through his work, he gets the income he needs to cover his expenses and to buy his medications.
He currently needs a loan to buy a greater variety of sweets. He will also increase the cell phone minute plan, which will allow him to generate greater income.
Además de que su negocio es su única fuente de empleo, Hugo Alonso considera que éste le sirve como terapia para sentirse un hombre útil para la sociedad pues padece de una discapacidad de nacimiento, que no ha sido impedimento para que este emprendedor le diera vida a su negocio, una venta de dulces y minutos a celular ubicado en el Parque del municipio de Barbosa, cerca de Medellín.
Hugo se siente orgullosos de ser microempresario y de conseguir a través de su trabajo los ingresos necesarios para cubrir sus gastos y comprar sus medicamentos. Actualmente necesita de un préstamo para comprar más variedad de dulces, así como ampliar el plan de minutos a celular lo que le permitirá generar mayores ingresos.
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.