Juan Camilo, who is 23 years old, dreams of finishing his studies in Electronic Technology because he knows this is the tool that will allow him to get ahead and overcome the difficult economic situation in which he has grown up.
He currently works in maintenance for a company called Ferrinvernaderos in Carmen de Viboral, and he wants to increase his income so he can continue his studies and later become a professional. To do this, he will buy a dairy cow with the loan he's asked for and with his personal savings.
Juan Camilo stands out as a very responsible and enterprising person.
Juan Camilo a sus 23 años de edad sueña con terminar sus estudios en Tecnología Electrónica, ya que sabe que esta es la herramienta que le permitirá salir adelante, y superar la difícil situación económica con la que ha crecido.
El trabaja actualmente en el área de mantenimiento en la empresa Ferrinvernaderos en el Carmen de Viboral, y desea mejorar sus ingresos para continuar con sus estudios y más adelante poderse profesionalizar, por lo cual tiene como proyecto comprar una vaca lechera con el préstamo solicitado y sus ahorros personales.
Se destaca por ser una persona muy responsable y emprendedora.
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.