Carlos is the victim of a forced displacement, due to the violence that occurred in his native city. There he had his own business, a cabinet-maker who worked daily to support his family. But many years ago they moved from the city in order to protect the lives of his wife and their 5 children. They left behind all they had constructed with effort and sacrifice.
After moving he started business again in a sub-leased shop, taking advantage of being able to recoup his machinery. He works Monday to Saturday from 8 am until 6 pm. She has the help of his wife and one of his children. He has the advantage of having two steady clients who produce many orders. His specialty is dining room sets, which he delivers unfinished and the customer takes care of the final touches. In this manner he has been able to get ahead with his family and has been able to build a new life.
The loan Carlos is requesting is to buy supplies wholesale (wood,sandpaper, glue, tacks, etc.). This will allow him to have sufficient material to complete the orders he has outstanding which will increase his sales and income. Carlos projects that in the near future he will build the house he wants, buy a vehicle for the business and have a well-structured and well-known business. He can then continue to generate the resources that allow his family economic stability and a better quality of living.
Carlos es una víctima más del desplazamiento forzado, debido a la violencia que se presentó en su ciudad natal; allí tenía su propio negocio, una ebanistería en la que trabaja diariamente para conseguir el sustento para la familia, pero hace muchos años se trasladó para la ciudad con su esposa y sus 5 hijos como alternativa para proteger sus vidas y dejando todo lo que habían construido con esfuerzo y sacrificio. Luego de radicarse, comenzó nuevamente su negocio en un local subarrendado, aprovechando que pudo recuperar su maquinaria; trabaja de lunes a sábado de 8 am a 6 pm y recibe el apoyo de su esposa y uno de sus hijos, cuenta con la ventaja de tener 2 clientes fijos que le solicitan muchos pedidos, su especialidad son los comedores, los cuales entrega en blanco y el cliente es quien se encarga de realizar las terminaciones; de esta manera ha logrado salir adelante con su familia y han podido construir una nueva vida.
El crédito que solicita es un apoyo para comprar insumos al por mayor (madera, papel de lija, pegante, puntillas, entre otros), esto le permitirá tener disponibilidad suficiente para cumplir con los encargos pendientes y mejorará las ventas e ingresos.
Carlos se proyecta para el futuro cercano, en el que desea construir su casa propia, adquirir un carro para su negocio y tener un taller bien estructurado y acreditado, para seguir generando recursos que le permitan garantizar a su familia una estabilidad económica y una mejor calidad 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.