Norfreider, 48, is married and has three minor children. For many years he made a living in trade, but owing to bad business he entered into bankruptcy, and he hasn't been able to recover.
Prompted by necessity, and with the last capital he had, he decided to set up an establishment where he sells lunches and liquor. He works from Thursday through Sunday, and the rest of the week he offers general electrical maintenance services, a trade he learned when he was young.
He's requesting a loan to buy supplies, liquor, and sweets to increase his sales and generate greater income to support his household.
He hopes to be able to recover from the economic crisis he's going through right now so he can give his family the quality of life they used to have.
Norfreider de 48 años, es casado y tiene 3 hijos menores de edad. Desde hace muchos años se dedicó al comercio, pero debido a malos negocios entró en quiebra, de la cual no se ha logrado recuperar. Inducido por la necesidad decidió montar una fonda en la que vende licor y mecatos, con el último capital con el que contaba. Labora de jueves a domingo y el resto de la semana ofrece servicios de mantenimiento eléctrico en general; Oficio que aprendió desde su juventud. Se encuentra solicitando un crédito para comprar surtido-licor-dulcería, para aumentar sus ventas y generar mayores ingresos para el sostenimiento del hogar. Espera poderse recuperar de la crisis económica por la que se encuentra pasando en estos momentos, para poder ofrecerle a su familia la calidad de vida que tenían antes.
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.