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Jhon Jairo
Jhon Jairo has had a business for four years which sells clothing and snack food. With this business he has been able to provide his parents with the ability to have a better quality of life.

His dream is to have a business with sports apparel for the various football teams, so as to be able to offer his customers more variety in clothing.
Broadening his business with new merchandise will improve his quality of life and thus increase his income.
View original language description ↓
Jhon Jairo desde hace 4 años tiene un negocios donde vende ropa y mecato, el con este negocio ha podido brindarle a su padres la posibilidad de tener una mejor calidad de vida.

Su sueño es poder tener un negocios con ropa deportiva de los diferentes equipos de fútbol para poder ofrecerles a sus clientes mas variedad en prendas.

El al ampliar su negocio con nueva mercancía va a mejorar su calidad de vida y así se incrementaran sus ingresos.

Additional Information

Important Information

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.

About Colombia

  • $6,070
    Average annual income
  • 263
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Jhon Jairo to buy supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 18, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012