Gustavo is 44 years old and has been renting a shuffleboard court for the last 9 months. At this business he decided to open a kiosk which sells drinks and snacks so that he can guarantee better service and build customer loyalty. He works every day from 9:00am to 10:00pm.
Thanks to this job, his income has improved considerably, as has his family's quality of life. He is asking for this loan to invest in an assortment of drinks and snacks, as well as paint for his business premises.
He dreams of giving his 5 year old daughter a good education and better living conditions.
Gustavo de 44 años de edad, tiene una cancha de tejo en calidad de arrendamiento desde hace 9 meses. Negocio en el que decidió ubicar un kiosco para comercializar bebidas y mecatos con el fin de garantizar un mejor servicio y fidelizar sus clientes. Labora diariamente, de 9:00 am a 10 pm.
Gracias a su actividad, su ingresos han mejorando considerablemente a igual que la calidad de vida de su grupo familiar. En la actualidad se encuentra solicitando un crédito que invertirá en la compra de surtido y pintura para adecuar el local.
Sueña con brindarle a su hija de 5 años de edad, una buena educación y mejores condiciones de vida.
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.