Jesús has a general store where he offers consumer goods like beverages, candy, snacks and others to customers. His advantage is that the store is located in one of his city’s tourist attractions: pools and rivers. This has made it possible for him to make sales that allow him to cover household and family expenses. Despite being in business for a short time and lacking capital and wide selection of stock, his business has been growing and this is why Jesús is now looking for a loan to buy soft-drinks, beverages, candy and other products to stock his store. His dream is to turn the business into a restaurant to take advantage of the tourist attraction. In addition, he hopes to provide his wife and two children with better quality of life and better economic opportunities for making progress.
Jesus posee una tienda general donde ofrece productos de consumo a sus clientes como bebidas, dulces, snack y otros más. La ventaja que posee es que su tienda está ubicada en una atracción turística en su municipio, la cual son unos charcos y ríos, y esto le ha permitido venir teniendo ventas con las que solventa sus gastos y los de su familia. Pese a que su negocio lo tiene hace muy poco tiempo, y que no cuenta con un gran capital ni surtido, su negocio ha venido creciendo y es por esto que ahora Jesus tiene la oportunidad de buscar un préstamo para comprar gaseosas, bebidas, dulces y otros productos más para surtir su tienda.
Su sueño es poder convertir este negocio en un restaurante y aprovechar la atracción turística. Además, aspira a ofrecerles a su esposa y sus 2 hijos una mejor calidad de vida y mejores oportunidades económicas para progresar.
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.