When Luis found himself without a job, he took the opportunity to start his own business to be able to continue generating the income that that he needs in his household to provide his family with the necessities of life. That's how he started a personal products shop. He has had his shop for only a few years, but thanks to his efforts, he has been able to keep it going and generate the income he needs to cover the expenses of the home where he lives with his wife and their three children, who are 14, 15, and 17 years old.
Seeking to diversify his sales and offer his customers what they are asking for, Luis is looking for a loan to buy computers and begin offering a cybercafé service in his business.
His dream is to be able to have a large business where he can create jobs for the people who need them most, and also to support his family, offering them a better quality of life and better economic opportunities so they can get ahead.
Luis cuando se quedó sin empleo, tuvo la oportunidad de montar su propio negocio para poder seguir generando los ingresos que requiere en su hogar para brindar a su familia el sostenimiento necesario; fue así como montó una venta de productos de uso personal la cual tiene hace pocos años pero gracias a su esfuerzo ha podido sacarla adelante y con esta ha generado los ingresos que requiere para el sostenimiento de los gastos de su hogar donde convive con su esposa y sus 3 hijos de 14, 15 y 17 años de edad. Buscando diversificar sus ventas y ofrecer a sus clientes lo que están demandando, Luis busca un préstamo para comprar computadores y comenzar a ofrecer el servicio de cibercafé en su negocio.
Su sueño es poder tener un gran negocio donde pueda generar empleo para las personas que más lo necesitan, y también sacar su familia adelante ofreciéndoles una mejor calidad de vida y mejores oportunidades económicas para progresar.
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.