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Jesus Antonio
Jesús is a person who thanks to his work has managed to move his own business forward and consolidate it among his customers. About three years ago he set up his own cheese stuffed ‘arepa’ [stuffed grilled corncakes] making business which has grown considerably in the last few years to such an extent that he can now generate employment for one person who is in need so that their family can also enjoy a better quality of life.

Jesús is separated and his only son lives with him so he works hard every day to have good quality at home for his son and to give him a good education as well as insure an economically stable future and a university education for him.

He’s managed to win over a large number of customers for his business who constantly place orders and this is why Jesús is looking for a loan that will allow him to buy ingredients he needs to make the arepas like corn, cheese and flour, among others, to be able to fill the large orders his customers have placed.

In this way his business will continue to grow as well as his income will in the same way thus having better quality of life and improved economic stability at home.
View original language description ↓
Jesus es una persona que gracias a sus ganas de trabajar ha logrado sacar su propio negocio adelante y consolidarlo entre sus clientes. Hace aproximadamente 3 años montó su negocio de fabricación de arepas rellenas de queso y este ha crecido en los últimos años de una manera considerable, hasta el punto que ahora puede generar un empleo para una persona muy necesitada y su familia también puede gozar de una mejor calidad de vida. Jesus se encuentra separado y con el convive su único hijo, por lo que se esfuerza diariamente para poder tener en su hogar y brindarle a su hijo una buena calidad de vida y una buena educación, además de poder asegurarle un futuro económico estable y una educación universitaria. En su negocio ha logrado captar una gran cantidad de clientes, los cuales le hacen grandes pedidos constantemente, y es por esto que Jesus busca que un préstamo le brinde la oportunidad de acceder a la compra de insumos para la fabricación de sus arepas como maíz, queso, harina, entre otros, y poder así preparar los grandes pedidos que han hecho sus clientes.

De esta manera su negocio seguirá creciendo y sus ingresos lo harán de la misma manera, pudiendo tener en su hogar una mejor calidad de vida y una mejor estabilidad económica.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,700 helped Jesus Antonio to buy corn, chese and flour, among other ingredients.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Expired:
Jun 1, 2012