Jamilton is an enterprising youth who is 22 years old. His father taught him how to farm, and thanks to this he has been able to get work and contribute financially to the household, substantially improving the quality of life and the economic conditions of his parents. Many years ago, when his father taught him to work, Jamilton started working as a farmhand in the area and was paid a daily salary for his work. But now he wants to farm on his own. Jamilton is seeking a loan to buy seeds, manure, irrigation supplies and other supplies to start his own crop of vegetables.
In this way, he will be able to get ahead and make economic progress so that his family will have a better quality of life and better economic opportunities. His main dream is to get an education, and he hopes that with his own cultivations, he will have the economic resources to pay for his own education.
Jamilton es una joven emprendedor de 22 años de edad que aprendió la actividad de la agricultura por parte de su padre y gracias a esto ha logrado conseguir oportunidades laborales y así contribuir económicamente en su hogar para que la calidad de vida y las condiciones económicas de sus padres mejores considerablemente. Desde hace muchos años, cuando su padre le enseñó a trabajar, Jamilton ha conseguido trabajo con campesinos de la zona quienes le pagan un salario por el día trabajado, pero ahora que quiere montar su propio cultivo, Jamilton busca un préstamo que le permita comprar semillas, abonos, riegos y demás para iniciar su propio cultivo de verduras.
De esta manera podrá salir adelante y progresar económicamente para que su familia también tenga la oportunidad de tener una mejor calidad de vida y mejores oportunidades económicas. Su mayor sueño es estudiar, por esto espera que con su propio cultivo tenga las oportunidades económicas de pagarse sus propios estudios.
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.