Jairo is a person that even against many adversities has found a way to move forward, thanks to his hardworking nature. Before, Jairo had an internet cafe and video game shop, but as a result of a few difficulties outside of his control he had to close the business. After, Jairo began setting up a new business in order to provide the income he needs for his household expenses. He opened a small restaurant where he offers coffee, sodas and liquor amongst other things. Currently Jairo is running the same restaurant, the business has grown and has become well established in the area. It is for this reason that Jairo wants to increase the variety of products that he has to offer his customers, offering snacks and chips and other types of drinks. With the motivation he has to make these purchases, Jairo hopes that a loan will allow him the possibility to be able to buy snack products, chips and drinks to increase the variety of products he has to offer his customers.
He hopes that as a result his profits will increase considerably, so that he will be able to offer a better variety of products to his customers. Also, he will be able to have more income to be able to offer his family a higher quality of life.
Jairo es una persona que a pesar de todas las adversidades ha podido salir adelante gracias a sus ganas de trabajar. Anteriormente Jairo atendía un café Internet y video juegos, pero por algunas dificultades ajenas a su voluntad tuvo que cerrar su negocio. Posteriormente Jairo empezó a montar nuevamente un negocio del cual pueda generar los ingresos necesarios para su hogar, por lo que comenzó a montar una cafetería, donde ofrece café, gaseosas, licor, entre otros. Actualmente Jairo esta atendiendo la misma cafetería, pero el negocio ya ha crecido y se ha consolidado en el sector. Es por esto que ahora Jairo quiere aumentar la variedad de productos que ofrece a sus clientes ofreciendo productos como snack, fritos, y otras clases de refrescos. Con el ánimo de realizar estas compras, Jairo aspira a que un préstamo le brinde la posibilidad de acceder a la compra de productos de snack, fritos y refrescos para aumentar la variedad de productos que ofrece a sus clientes.
Jairo espera que de esta manera sus ingresos aumenten considerablemente, pues podrá ofrecer una mayor variedad de productos a sus clientes. Además, podrá generar más ingresos para poder ofrecerle una mejor calidad de vida a su familia.
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.