Throughout his life Jhon Jairo has been a salesman. His entire family has been in business and it was his parents who taught him as a child how to work. In the past 11 years he has worked in his own store, selling items such as snacks, soft drinks, cookies, personal use products, gum, and milk products, among other things that meet his customers’ needs. They all know and appreciate him in his sector.
At age 54, this single gentleman works for the well-being of his community, working honestly and being friendly to his customers. Jhon Jairo would like to buy more items for his store so that he can increase his earnings and be able to achieve his grandest dream of having his own farm as a business, close to the main road in town.
Durante toda su vida el señor Jhon Jairo se ha dedicado al comercio puesto que toda su familia ha sido comerciante y fueron sus padres que desde niño le enseñaron a trabajar; en los últimos once años ha laborado en su propia tienda vendiendo productos como snaks, gaseosas, galletas, productos de aseo personal, gomas de mascar, lácteos entre otros productos que suplan las necesidades de sus clientes, quienes lo aprecian y reconocen en el sector.
A sus 54 años este hombre soltero vela por el bienestar de su comunidad, destacándose por su honestidad y amabilidad con sus clientes. Don Jhon Jairo espera comprar más surtido para su tiene y asi tener más ingresos que desea ahorrar para cumplir su gran sueño de tener su propia finca con negocio muy cerca de la carretera o vía principal de su municipio.
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.