Henry is a mechanic who has been in this field for more than 20 years, an activity he learned by observation and empirical practice. He has never taken a course in mechanics but his work is impeccable and much in demand. He is a man who is concerned for his family, noted for his dependability and great sense of humor. Besides mechanics he has a small farm with animals which he does not consider a financial activity but a hobby because he is a lover of the countryside and animals and always tries to be surrounded by this environment.
He is asking for a loan to buy the most common spare parts requested by his clients as he is looking for a way to minimize the time of fixing a car or motorcycle, having on hand the necessary part in order to do the repair thereby bringing great benefits for customer satisfaction as his service to the clients would increase considerably.
Henry es un mecánico el cual ha ejercido su profesión por más de 20 años, actividad que aprendió, mediante la observación y la práctica empírica. Nunca ha tomado un curso en mecánica pero sus trabajos son impecables e incluso muy solicitados. Es un hombre muy preocupado por su familia, destacado por su responsabilidad y su gran sentido de humor. Aparte de la mecánica tiene una pequeña granja con animales la cual no la considera una actividad económica sino como un hobby porque se considera un amante al campo y los animales y trata siempre de estar rodeado de este entorno.
Solicita un crédito para la compra de repuestos, estos serían lo más comunes y pedidos por los clientes ya que busca minimizar el tiempo de arreglo de un automóvil o motocicleta teniendo a la mano el material necesario para realizar la reparación lo que le traerían gran beneficios pues el índice de satisfacción por el servicio de los clientes aumentaría considerablemente
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.
A loan of $525 helped Henrry Mauricio to buy commonly requested spare parts required for repairing cars or motorcycles to implement a strategy of being able to do faster repairs thereby increasing customer satisfaction.