At only 25 years old, Jhon David A. A. is already an entrepreneur. Faced with a lack of opportunities and the need to help with the household expenses and support his mother and grandmother, he set up his own business in order to get ahead in life.
Two years ago he started raising quails in order to sell their eggs. This has enabled him to support his family. Jhon David needs a loan to buy a 5 tiered unit in which he can accommodate more quails. He also needs to buy more quails.
In the future, this hard-working young man hopes to expand his business so that he can sell quail eggs to other towns in Antioquia-Colombia since right now his market is in the town of Urrao which is his home town.
A sus 25 años Jhon David A. A. ya es un emprendedor, pues la falta de oportunidades y la necesidad de ayudar con los gastos del hogar y sostener a su madre y a su abuela, se vio obligado a iniciar su propio negocio para salir adelante.
Fue desde hace dos años cuando inició con la cría de codornices para la venta de huvos, lo que le ha permitido apoyar a su familia. Jhon David, necesita del préstamo para comprar un módulo de 5 pisos donde pueda acomodar más codornices, las cuales también necesita comprar.
En el futuro, este joven luchador espera ampliar su negocio hasta vender huevos de codorniz incluso a otros municipios de Antioquia-Colombia, pues actualmente su mercado se encuentra en el municipio de Urrao de donde es oriundo.
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.