Juan is someone who has been able to move ahead in live and progress alongside his family, thanks to his desire to work and always face difficulties head-on. Juan is married and the father of two children aged 5 and 7, whom he has always wanted to provide with everything they need.
Juan has been working for dairy product companies for most of his life, and this has allowed him to to gain very good knowledge of this sector. Thanks to his boss, who gave him the opportunity to distribute products on his own account with a profit margin that allowed him to generate good earnings, Juan rents a vehicle on a daily basis for distribution of his products. In this way he is able to serve more clients during the day. Renting this vehicle is very expensive, which decreases his business' profits considerably. With the goal of being able to have good profits for his business, Juan hopes that a loan will provide him with the opportunity to purchase the vehicle that he currently rents for distributing his dairy products. In this way he will be able to have better profits.
Juan hopes that in this way his income will increase considerably, as he will be able to continue distributing his products without having to pay for daily vehicle rental, which is very expensive. Juan hopes that with better profits, he will be able to provide his family with a better quality of life, and provide his children with access to a better quality of education.
Juan es una persona que ha podido salir adelante y progresar junto a su familia gracias a sus ganas de trabajar y siempre hacerle frente a las dificultades. Juan se encuentra casado y es padre de 2 hijos de 5 y 7 años de edad, a quienes siempre les ha querido ofrecer todo lo necesario. Juan se ha dedicado a trabajar para empresas de productos lácteos gran parte de su vida, y esto le ha permitido lograr conocer muy bien el sector. Juan, gracias a que su jefe le dio la oportunidad de distribuir los productos por su cuenta y con un margen de ganancia que le permite tener muy buenas utilidades, alquila un vehículo diariamente para la distribución de los productos y poder así llegar a atender a más clientes durante el día. El alquiler del vehículo tiene un costo muy elevado, lo que hace que las utilidades del negocio se disminuyan considerablemente. Con el ánimo de poder seguir teniendo buenas utilidades para su negocio, Juan aspira a que un préstamo le brinde la oportunidad de acceder a la compra del vehículo que alquila para la distribución de los productos lácteos y poder tener así unas mayores utilidades.
Juan espera que de esta manera sus ingresos aumenten considerablemente, pues podrá seguir distribuyendo los productos sin tener que pagar un alquiler diario, el cual tiene un costo muy elevado. Juan espera que con mayores utilidades pueda ofrecerle a su familia una mejor calidad de vida, y a sus hijos el acceso a una educación de mayor calidad.
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.