46-year-old Víctor describes himself as a fighter who never lets anything get in his way. He views difficulties as opportunities to learn and improve. Over the years, Víctor has had to face situations which have left their mark on him. However, he has always emerged victorious. He currently has a general store which is testament to his efforts and years of hard work.
Four years ago, Víctor was forced to close his business owing to public order problems in the neighborhood. He was forced to move to another place and re-start his business. His current business is gaining a good reputation and, for this reason, he is requesting a loan so that he can invest in buying school supplies for the back-to-school period. He thereby hopes to increase his sales and be competitive.
Víctor's biggest dream is to buy premises in which to set up his business so that he can reduce his costs and guarantee his two dependent children better living conditions and the opportunity to pursue a university education.
Víctor de 46 años de edad, se describe como un guerrero que no se detiene ante nada, las dificultades las ve como oportunidades para aprender y mejorar. En su vida ha tenido que afrontar situaciones que lo han marcado, pero de las que ha salido Victorioso. Hoy tiene una miscelánea gracias a su esfuerzo y años de trabajo, aunque hace 4 años se vio en la obligación de cerrar su negocio debido al orden público del sector, lo cual lo obligó a marcharse para otro lugar y comenzar nuevamente con su actividad. En la actualidad su negocio se está acreditando, por esta razón, Víctor se encuentra solicitando un crédito, que invertirá en la compra de útiles escolares para la temporada estudiantil, con el propósito de aumentar sus ventas y ser competitivo en el mercado.
Su mayor sueño es poder comprar el local en donde tiene ubicado su negocio con el fin de reducir gastos y garantizarles a sus dos hijos menores de edad mejores condiciones de vida y la oportunidad de ingresar a la educación superior.
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.