“To judge is the weapon of those who fail.” With this phrase, Francisco, 43, relates how he’s been the victim of evil-doers who have sought to stain his good name. Not giving much importance to happenings that have tried to be obstacles in his path, he continues forward striving to move his business ahead and to offer his parents better living conditions since he must care for them. He starts his work day at nine in the morning and goes until six in the evening.
His greatest dream is to be able to buy his own store and save on rent. He wants to improve sales and to do so is asking for a loan he’ll use to buy shoes for school to take advantage of back to school season.
“Juzgar es el arma que utilizan los fracasados” con esta frase Francisco de 43 años de edad,cuenta como ha sido víctima de personas mal intencionadas que han querido manchar su buen nombre. Sin darle mucha importancia a los sucesos que han querido obstaculizar su camino, sigue adelante luchando por sacar adelante su negocio y ofrecerle a sus padres mejores condiciones de vida, debido a que él es quien vela por ellos. Todos los días inicia su faena de nueve de la mañana a seis de la tarde.
Su mayor sueño es poder comprar su propio local y ahorrarse los gastos de arrendamiento. Desea poder mejorar sus ventas y para esto, se encuentra solicitando un crédito que invertirá en la compra de calzado escolar, con el fin de aprovechar el regreso a clases.
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.