Luis, 66 years old, has lived in Marinilla, Colombia for the past 30 years. He is married and the father of 3 children. He is certain that his home and family are the most important things in his life, and the reason why he works so hard is to offer them a better life.
Since he was young, his passion has been cooking, because of this, his mother taught him many of her recipes. After losing his job, this man decided to start his own business and focus on his family. In his home, he started his small business project focused on making sausages from a recipe that his mother taught him. Thanks to the seasoning and the good service, the sausages have become famous.
Currently they are looking to improve the production process, with the goal of optimizing resources and eliminating downtime. For this reason, he is requesting a loan in order to invest in raw materials and a grinding machine. He hopes that this investment will allow him to improve his family's quality of life.
Luis de 66 años de edad, vive desde hace 30 años en el municipio de Marinilla, Colombia, es casado y padre de tres hijos. Asegura que su hogar es lo más importante en su vida y la razón por la cual se esfuerza a fin de ofrecerles mejores condiciones de vida.
Desde su infancia su gran pasión ha sido la cocina, por lo cual su madre le enseñó muchas de sus recetas.
Después de quedarse sin empleo este hombre decidió montar su propio negocio y dedicarse a su familia. En su vivienda comenzó con su proyecto de microempresa enfocada a la elaboración de chorizos, -receta que le enseñó su madre- los cuales han tomado fama gracias a su sazón y buen servicio.
En la actualidad buscan mejorar el proceso de producción, con el fin de optimizar recursos y eliminar tiempos muertos. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de materia prima y una máquina picadora. Espera que esta inversión le permita mejorar la calidad de vida de 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.