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Jeison
Jeison is a young entrepreneur who decided to set up his own business in order to generate his own income and contribute economically to his household. Approximately five months ago he started selling clothing, mainly to relatives, friends and neighbors, so he could make enough money to cover his own expenses. With very little capital he has been able to reach a good sales volume. Jeison is requesting a loan to buy more clothing to increase his inventory and fill orders.

This will increase sales considerably so he can contribute more income to the household for a better lifestyle. Also, he will be able to cover his own expenses and be less of an economic burden on his parents, so they can get ahead.
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Jeison es un joven emprendedor que decidió montar su propio negocio con el ánimo de generar sus propios ingresos y contribuir económicamente en su hogar. Hace aproximadamente 5 meses montó su propio negocio el cual es una venta de prendas de vestir, las cuales ofrece principalmente a familiares, amigos y vecinos; de esta manera genera ingresos con los cuales contribuye económicamente en su hogar y se puede sostener sus propios gastos. Gracias a que ha tenido muy buenas ventas y su negocio fue montado con muy bajo capital, Jeison busca que un préstamo le brinde la oportunidad de acceder a la compra de prendas de vestir para aumentar su surtido y poder responder a todos los pedidos de sus clientes.

De esta manera sus ventas aumentarán considerablemente y podrá ofrecer en su hogar mayores ingresos para aumentar su calidad de vida. Además, así podrá seguirse costeando sus propios gastos, aliviando la carga económica de sus padres y progresando económicamente.

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
  • 360
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jeison to buy clothing to increase his stock and fill orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013