At his 63 years of age, Jairo considers himself a micro-businessman who is a fighter. From the time he was very young he has worked to provide his 2 children with a better life. As his financial situation is not the best, he is a dreamer who lives with the hope of providing his family with a better future.
He started his business 14 months ago by setting up a store in the garage at his home. The business now supports his family. His dream is to improve his economic situation and that the income from his store goes up bit by bit.
Jairo also dreams of seeing his business grow and he knows that he will need to invest more in order to purchase in large quantities to receive a discount on the purchase and greater earnings on the sales. He does not have money to invest at this time, so he is requesting a loan that will help him to not only purchase the items he needs, but to also move step by step towards his goals and dreams.
A sus 63 años de edad Jairo se considera un microempresario luchador que desde muy joven ha trabajado para sacar sus 2 hijos adelante, ya que sus condiciones económicas no han sido las mejores, es un soñador que vive con la ilusión de brindarle a su familia un mejor futuro.
Desde hace 14 meses emprendió su negocio, una tienda que ubicó en el garaje de su casa y hoy en día es el sustento de su familia, sueña con mejorar su economía y que los ingresos de la tienda aumenten poco a poco.
De la misma manera, Jairo sueña con ver crecer su negocio y sabe que para ello debe tener mayor capital de trabajo para comprar en grandes cantidades y así obtener un descuento en la compra y ganancias en la venta, pero el actualmente no cuenta con este capital, por lo que solicita un préstamo que le ayude no solo a comprar el surtido que necesita, si a ir cumpliendo paso a paso sus metas y sueños.
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.