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Jhon Jairo
Jhon Jairo is noted for being a very hard-working person who wants to provide his family with a good quality of life. He is married and has two children who are 6 and 8 years old. He has always wanted to offer them everything they need. Jhon Jairo used to work for a textile company but, due to unfavorable circumstances, he had to leave his job and start looking for another way to make income for his family. Approximately six years ago, he set up a general store where he sells all kinds of basic household products and makes the income he needs to support his household. With the aim of continuing to increase the variety of products he sells, Jhon Jairo is looking to take out a loan which will allow him to buy basic household products for his store.

Jhon Jairo hopes that his income will increase significantly so that he can offer his family a better quality of life. He also hopes that his children will be able to receive a good education and go to university in the future. Jhon Jairo dreams of owning a large supermarket where he can create jobs for people in need and provide them with a better quality of life.
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Jhon Jairo es una persona que se ha caracterizado por ser muy trabajador y siempre querer brindar a su familia una buena calidad de vida. Jhon Jairo se encuentra casado y es padre de 2 hijos de 6 y 8 años, a quienes siempre les ha querido ofrecer todo lo necesario. Jhon Jairo anteriormente trabajaba en una empresa de textil, pero debido a circunstancias adversas tuvo que abandonar su empleo y empezar a buscar otro medio de ingresos para su familia. Hace aproximadamente 6 años, Jhon Jairo montó una tienda general donde ofrece toda clase de productos de la canasta familiar y gracias a esto genera los ingresos necesarios para el sostenimiento de su hogar. Con el ánimo de seguir aumentando la variedad de productos que ofrece en su tienda, Jhon Jairo aspira a que un préstamo le brinde la oportunidad de acceder a la compra de productos de la canasta familiar para aumentar la variedad de productos que ofrece a sus clientes.

Jhon Jairo espera que de esta manera sus ingresos aumenten considerablemente y siga generando ingresos con los cuales le pueda ofrecer a su familia una mejor calidad de vida. Además, espera que sus hijos tengan la oportunidad de acceder a una educación de calidad y en un futuro poder ingresar a una educación universitaria. Jhon Jairo sueña con tener un gran supermercado en el cual pueda generar empleo para las personas más necesitadas y de esta manera pueda ofrecer una mejor calidad para las personas más necesitadas.

Additional Information

Important Information

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.

About Colombia

  • $6,070
    Average annual income
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Jhon Jairo to buy basic household products so that he can increase the variety of products he offers his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012