Wilson is a very hardworking person who has succeeded in overcoming the great difficulties he has encountered in life. He is married with two children, 5 and 10 years old. Wilson found he had to abandon the town where he was born due to scarce job opportunities to support his family. Thus, he, together with his family, moved to Medellín. Through a lot of effort, he began studying different business possibilities for earning a living. After considering many alternatives the idea of having a stall selling fried potatoes and plantains emerged. He found a place that was much frequented both by students and local merchants, which made the idea very attractive.
Wilson has now had his business set up for several months and it has been growing steadily thanks to the work he has done in positioning it and providing his customers good service. Thanks to these efforts, he is now looking for a loan that will provide the means of purchasing another cart to prepare fried food and to hire an employee, since the demand for his products is greater than he is able to meet on his own.
In this way his business will continue growing and Wilson will be able to earn more income for his home. Consequently his family will be able to enjoy a better quality of life and he will slowly be able to fulfill his dream of moving his children forward by providing them a good education.
Wilson es una persona muy trabajadora que ha logrado superar grandes dificultades que le ha presentado la vida. Casado y con 2 hijos de 5 y 10 años de edad, Wilson se vio en la obligación de abandonar su municipio natal debido a las pocas oportunidades que encontraba para generar los ingresos que requería para sostener su hogar. Fue así como se desplazó hasta el municipio de Medellín junto con su familia y allí con gran esfuerzo empezó a estudiar diferentes posibilidades de negocio para comenzar a generar sus ingresos. Luego de pensar en muchas alternativas surgió la idea de tener un puesto de venta de papas y platanitos fritos; además encontró un lugar donde es muy concurrido tanto por estudiantes como por comerciantes de la zona, lo que hizo que se volviera muy atractiva la idea. Wilson ya lleva algunos meses con su negocio montado y este ha venido creciendo mucho gracias al esfuerzo que hace por posicionarlo y ofrecer a sus clientes un buen servicio. Y gracias a este esfuerzo que ha hecho, Wilson busca que un préstamo le brinde la oportunidad de acceder a la compra de un carro para preparar fritos para generar un empleo en su negocio, ya que la demanda de sus productos es superior a la capacidad que tiene Wilson para atenderla.
De esta manera su negocio seguirá creciendo y Wilson podrá tener mayores ingresos para su hogar, de tal manera que su familia podrá gozar de una mejor calidad de vida y poco a poco irá cumpliendo su sueño de sacar sus 2 hijos adelante brindándoles una buena educación.
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.
A loan of $450 helped Wilson De Jesus to purchase a cart to prepare fried food and to hire an employee for his business, since the demand for his products is greater than he is able to meet on his own.