Guillermo has always made a living in activities in the field as his parents generated income for the household with this activity and from a very young age they taught him to work at their side. It is for this reason that now that he makes a living raising pigs he has very good experience that allows him to have very good quality products. However, in spite of the great experience that he has, the fact that he is a single father of three children, ages 11, 7 and 5, has made for economic difficulties in the household that arise constantly and this does not allow him to make progress in his business. This is why Guillermo is seeking a loan to buy a breeding pig in order to increase his production capacity and thus be able to increase his sales. His dream is to be able to have a larger business where he can generate employment for the neediest people.
Guillermo siempre se ha dedicado a las actividades del campo, pues sus padres generaban los ingresos para el hogar con esta actividad y desde muy joven se la enseñaron para trabajar a su lado. Por esto ahora que se dedica a la crianza de cerdos puede contar con una muy buena experiencia que le permite tener productos de muy buena calidad. Sin embargo, pese a la gran experiencia con la que cuenta, el hecho de ser padre soltero de tres hijos de 11, 7 y 5 años de edad ha hecho que las dificultades económicas en el hogar se presenten constantemente y esto no permita progresar su negocio. Es por esto que Guillermo busca un préstamo para comprar un cerdo de crianza para aumentar su capacidad de producción y así poder aumentar sus ventas.
Su sueño está en poder contar con un negocio más grande donde pueda generar empleo para las personas más necesitadas.
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.