Johany is 35 years old and he is a fighter. Every day he works from 3:00 AM in the morning until the late hours of the night. He works preparing and selling mazamorra, a traditional drink of the region that has as its main ingredients cooked corn and milk, and it generally accompanies a sweet such as arequipe (pudding made with milk, sugar, baking soda, and cinnamon) or bocadillo (dessert made with guava paste). His products are very well known in the area for quality and exquisite flavor and for Johany the most important thing is to satisfy his customers and he always worries about making the best mazamorra that he can.
Johany’s dream is to see his business grow, so he would like to improve the infrastructure of the business and have working capital in order to buy supplies, but right now he doesn’t have the funds to do this. This is why he is asking for a loan, to make necessary repairs to the vehicle he uses to transport his mazamorra, to buy large containers of milk, and to buy a grinding machine, and he will use the additional money to buy supplies for the business, and thus his business will continue to push ahead, to improve sales, and his income will increase and his quality of life will markedly improve.
A sus 35 años de edad Johany es un luchador que trabaja diariamente desde las 3:00 a.m. hasta altas horas de la noche, se dedica a la preparación y comercialización de mazamorra, una bebida tradicional de la región que lleva como ingredientes maíz cocido y leche, el cual generalmente se acompaña de un dulce como arequipe o bocadillo, su producto es muy reconocido en el sector por la calidad y la exquisitez del sabor, pues para Johany lo mas importante es satisfacer a sus clientes y siempre se preocupa por preparar la mazamorra de la mejor forma posible.
Johany sueña con ver crecer su negocio por lo que quiere hacerle mejoramientos a la infraestructura del negocio y tener un capital de trabajo para comprar insumos, sin embargo actualmente no cuenta con el capital necesario para esto, por lo que solicita un préstamo con el cual hacer las adecuaciones necesarias al vehículo donde transporta la mazamorra, comprar 6 canecas lecheras, comprar una maquina para moles y adicional a esto comprar insumos para la preparación del producto, así su negocio seguirá posesionándose, sus ventas mejoraran, los ingresos se incrementaran y su calidad de vida mejorará notablemente.
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.