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Javier De Jesus
Javier is a person who has always been noted for being very hardwroking and always wanting to offer his wife and six children a good quality of life.

Javier used to work in the fields but the little opportunity that provided led him to move to the city seeking to generate more stable income. This is how he started out selling furniture. He did well but because he had little capital competition led him into bankruptcy. He then opened a general store where he stocks all basic staple items and he’s done very well with it. Thanks to this business he generates the income needed to support his family and this is why he works so hard at it every day.

Javier is notable in his business for offering very good customer service and for having very good prices in his products and thanks to this his sales have been good to such an extend that he’s been running out of some of his products. This is why Javier is looking for a loan to be able to buy basic staple items to stock his store and continue offering good products to his customers.

In this way Javier will be able to keep his great clientele and continue generating the income with which he covers household expenses. In addition, Javier dreams with being able to buy a house of his own to live in with his wife and six children.
View original language description ↓
Javier es una persona que siempre se ha caracterizado por ser muy trabajador y siempre querer ofrecer a su esposa y sus 6 hijos una buena calidad de vida. Javier anteriormente trabajaba en las actividades del campo, sin embargo, las pocas oportunidades que había hicieron que se desplazara hacia la ciudad en búsqueda de generar ingresos más estables. Fue así como comenzó con un negocio de venta de muebles, en el cual le fue muy bien pero debido al poco capital con el que contaba en un momento la competencia le hizo caer en quiebra. Posteriormente abrió una tienda general en la que ofrece todos los productos de la canasta familiar y en la que le ha ido muy bien. Gracias a este negocio genera los ingresos necesarios para el sostenimiento de su familia, y es por esto que su negocio lo trabaja con mucho empeño cada día. Javier se caracteriza en su negocio por ofrecer muy buena atención a sus clientes, y por ofrecer muy buenos precios en sus productos, y gracias a esto ha tenido muy buenas ventas, a tal punto en que el inventario de algunos productos se ha ido desabasteciendo. Es por esto que Javier busca que un préstamo le brinde la oportunidad de acceder a la compra de productos de la canasta familiar para surtir su negocio y seguir ofreciendo buenos productos a sus clientes.

De esta manera Javier podrá seguir teniendo gran clientela y seguir generando los ingresos con los que sostiene los gastos de su hogar. Además, Javier tiene el sueño de que su negocio le brinde la posibilidad de acceder a la compra de su casa propia para poder vivir en ella con su esposa y sus 6 hijos.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,930,350
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,150 helped Javier De Jesus to buy merchandise to stock his store.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Expired:
May 31, 2012