Hector Dario has worked in construction for many years, however in order to increase his income he decided to have a stall to sell sweets, packed lunches and cigarettes on the street. With this additional income he is able to increase his and his family's quality of life.
He wants to have a greater stock in his businesses in order to be able to have more customers and to be able to offer other products that will appeal to passersby.
His dream is to be able to have a store in order to leave the construction business and dedicate himself to his business and leave it to his family.
Hector Dario trabaja en construcción desde hace muchos años, sin emnargo para incrementar sus ingresos decidió tener un puesto para vender dulces, mecato y cigarrillos en la calle, con estos ingresos adicionales puede mejorar la calidad de vida de su familia y la de él.
El quiere tener mas suirtido en su negocios para poder tener mas clientes y además poder ofrecerles otros productos que sean del agrado de los transeuntes.
Su sueño es poder tener una tienda para asi dejar la construcción y poder dedicarse a su negocio y dejarle éste a su familia.
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.