Huberman de Jesús is a 38 year old man. He is the head of his household, and he has ten year old son. Since he was little, he has liked everything that has to do with wood crafts. In the school where he studied in his youth, he learned woodworking.
Some time ago he set up his own workshop, which has been generating income to economically support his small son and his parents. With this credit, Huberman de Jesús hopes to make improvements to his place of business. He wants to fix the roof because water leaks when it rains, which keeps him from working, and he also intends to purchase materials like wood and wood glues to carry out pending orders.
His biggest dream is to make his business grow and to establish it as a versatile and modern woodworking shop. He wants to increase his work space so that he can have a bigger volume of sales and generate more income to offer his son and his parents a better quality of life.
Huberman de Jesús es un hombre de 38 años de edad, padre cabeza de hogar, tiene un hijo de 10 años. Desde pequeño le ha gustado todo los que tiene que ver con artesanías en madera y en la institución donde estudió en su juventud fue donde aprendió la ebanistería. Hace algún tiempo montó su propio taller de ebanistería, con lo que ha generado ingresos para sostener a su pequeño hijo y apoyar económicamente a sus padres. Con el crédito desea realizar unas mejoras locativas en su negocio, arreglar el techo porque cuando llueve se le filtra el agua y no le permite seguir laborando y adicionalmente pretende comprar materiales como madera y aglomerados para cumplir con los pedidos que tiene pendientes. Su mayor sueño es hacer crecer su negocio y consolidarlo como un taller de ebanistería versátil y moderna, ampliar su espacio de trabajo y de esta forma tener mayor volumen de ventas, que le generen ingresos para brindarle una mejor calidad de vida a su hijo y a sus padres.
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.