Jhon Henry is a young businessman who is responsible for the household expenses where he lives with his mother. From the time he was young, Jhon was drawn towards sales. It was then that he started selling a few sweets and snacks from his house while he was still in school. After he finished school, and with little opportunity to continue his education, he decided to open his own shop where he slowly began to stock more and more everyday items such as groceries and household goods. Today, Jhon is requesting the loan to purchase an assortment of frozen meats and chicken. With the current demand for these items, this loan will translate into greater sales and income, so that little by little Jhon can convert his dream of having a large supermarket into a reality.
Jhon Henry es un joven emprendedor que asume los gastos del hogar donde vive con su madre, desde pequeño este emprendedor se sintió atraído por las ventas, fue entonces cuando estando apenas en el colegió decidió empezar a vender algunos dulces en su casa, después de graduarse y debido a la falta de oportunidades para continuar con sus estudios decidió crear su propia tienda la cual ha ido surtiendo poco a poco con las ganancias generadas.
Actualmente Jhon Henry necesita de un préstamo para comprar surtido de carnes frías y pollo congelado debido a que en este tipo de productos para la demanda actual, este crédito se traducirá en mayores ingresos y así caminar poco a poco hasta convertir su sueño de tener un gran supermercado en una realidad.
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.