At the age of 34, Jovanny already has life stories to tell his three children who are 11, 8 and 5 years old respectively. For over 20 years he’s known what it means to struggle to get ahead farming carrots, cauliflower and lettuce, among other vegetables which help him earn his daily bread.
His children are his greatest motivation because he dreams with providing them with the best always. Currently, Jovanny has a planted parcel that he wants to expand more with the loan he got to buy supplies needed to produce good, quality harvests.
His customers see in this great entrepreneur an honest person who is forward looking and who likes to grow and think large.
Con 34 años de edad Jovanny ya le cuenta historias de vida a sus tres hijos que tienen 11, 8 y 5 años respectivamente. Él ha sabido lo que es luchar por más de 20 años por salir adelante con su sembrado de zanahoria, coliflor, lechuga, entre otras legumbres y hortalizas que le sirven para conseguir el sustento día a día.
Sus hijos son su mayor motivación por lo que sueña en brindarles lo mejor siempre. Actualmente Jovanny tiene un sembrado que quiere ampliar mucho más con el préstamo que adquirió para la compra de insumos, necesarios para sacar cosechas buenas y de calidad.
Sus clientes reconocen en este gran emprendedor una persona honesta y echada para adelante que le gusta crecer y pensar en grande.
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.