John Henry G. G. has worked in a “Cooperativa de Carnes” (Meat Cooperative) for four years. He slaughters animals. His work schedule starts at 6:00 p.m. and ends at 4:00 a.m.
His dream is to work independently in order to be able to be the proprietor of his own business. Then he would have the possibility of sharing more time with his family. To fulfill the dream John Henry needs a loan to buy fertilizer and farming supplies. These are not just to maintain the pea crop that he already has, but they are also to start growing hydrangea.
These supplies are fundamental so that the crops are sustainable. They are also needed so that the winter that strikes the country does not affect his production.
This way John Henry will be able to keep the support of his wife and four children secure. He will also be able to start his development as a businessman in a positive way.
John Henry G. G. desde hace 4 años trabaja en una Cooperativa de Carnes en la que se desempeña como sacrificador de animales; esta labor la realiza en una jornada que va desde las 6:00 p.m. hasta las 4:00 a.m.
Sin embargo, su sueño es trabajar de manera independiente para poder ser el propietario de su propio negocio y tener la posibilidad de compartir más tiempo con su familia.
John Henry anhela iniciar el cultivo de hortalizas, granos y la cría de cerdos, puesto que esta labor la aprendió desde sus 10 años por una tradición familiar.
Para cumplir este sueño, John Henry requiere un crédito para invertirlo en la compra de abono e insumos agrícolas para no solo mantener un cultivo de arbejas que ya tiene, sino iniciar un cultivo de hortensias; estos insumos son fundamentales para que los cultivos se puedan sostener y el invierno que golpea al país no afecte la producción.
De esta manera, John Henry podrá mantener seguro el sustento de su esposa y sus 4 hijos y, además, podrá iniciar de manera positiva su desarrollo como empresario.
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.