In spite of the great difficulties that his family has suffered through, Julio is a very hard-working person. He has always continued striving to offer the best to his wife and two sons. In order to generate income that is needed in his home, he has a business breeding and selling cattle with which he has been able to get ahead little by little, overcoming the difficulties that life presents. Thanks to the high quality of his products that have always chararacterized him, he has the opportunity of good clients that guarantee him strong sales. Nevertheless, the difficulty of capital has always set him back. For this reason, Julio is now seeking a loan to buy two calves to raise and thus increase his production capacity in order to respond to his clients' orders. His dream is to be able to have a better business so he can provide his family with better economic opportunities to get ahead, along with greater stability for his family.
Julio es una persona muy trabajadora que a pesar de las grandes dificultades que ha tenido que padecer su familia, siempre ha seguido esforzándose para poderles ofrecer lo mejor a su esposa y sus 2 hijos. Para generar los ingresos que requiere en su hogar tiene un negocio de crianza y venta de ganado con el cual ha podido ir poco a poco saliendo adelante y superando las dificultades que se le presentan en la vida. Gracias a la buena calidad en sus productos que siempre lo ha caracterizado, tiene la oportunidad de tener buenos clientes que le garantizan buenas ventas, sin embargo la dificultad de capital siempre lo ha retrasado. Por esto ahora Julio busca un préstamo para comprar 2 terneros para la crianza y así aumentar su capacidad de producción para responder a los pedidos de sus clientes.
Su sueño es poder tener un mejor negocio donde pueda brindar a su familia mejores oportunidades económicas para salir adelante y también tener una mejor estabilidad para 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.