Isaac works as a foreman on a ranch in his town and they allow him to keep his own cattle there. This saves him money on maintenance expenses and has given him extra income so that his family can enjoy a better quality of life and more financial opportunities to make progress. Isaac has three children who are 3, 7 and 11 years old. He has always wanted to ensure they have a good education and he works hard every day so that they continue having access to education. This is one of the biggest financial difficulties for his family because the school is very far away and he has to pay for transportation every day to take them to school and bring them home again. Isaac has managed to attract a large number of customers who place large orders with him. He is looking to take out a loan so that he can buy cattle and fill the orders he has.
In this way, Isaac will be able to overcome his financial difficulties and stock his business. This will allow him to continue providing his customers with a good service. His biggest dream is to provide for his family and offer them a good quality of life. He also dreams of being able to offer his children the chance to study at university in the future.
Isaac trabaja como mayordomo en una finca en su municipio, y allí le permiten tener ganado propio para la venta, ahorrando los gastos de mantenimiento. Esto le ha permitido tener unos ingresos extras con lo que su familia puede gozar de una mejor calidad de vida y mayores oportunidades económicas para progresar. Isaac tiene 3 hijos de 3, 7 y 11 años de edad a quienes siempre les quiere brindar una educación de buena calidad, por esto trabaja fuertemente todos los días para que sus hijos sigan teniendo el acceso a la educación, pues es una de las grandes dificultades económicas del hogar ya que la escuela queda muy retirada y debe pagar transporte todos los días para llevarlos y recogerlos. Con su negocio Isaac ha logrado tener una gran cantidad de clientes los cuales le hacen grandes pedidos, por esto ahora que tiene una gran cantidad de pedidos por parte de sus clientes busca un préstamo que le permita comprar ganado para responder a los pedidos de sus clientes.
De esta manera superará la dificultad de capital para surtir su negocio y así seguir ofreciendo un buen servicio a sus clientes. Su mayor sueño es sacar su familia adelante brindándoles una buena calidad de vida y a sus hijos en un futuro poderles brindar educación universitaria.
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.