Javier opened the general store 3 years ago when he was unemployed. The products of the layoff started the business. Since then he has been working on his account and working long days to conquer the great challenge of capital that he has.
With the income from this store he has been able to improve the quality of life for his family and for this reason he always seeks to improve it. Thanks to his attention to the business he has been having good sales recently. It is for this reason that he is requesting a loan to purchase household products in order to increase the variety of products that he offers his clients and thus increase his sales.
His dream is to be able to have a business with more supplies and thus improve the income for his family to have a better quality of life.
Javier montó la tienda general desde hace unos 3 años cuando se quedó desempleado y producto de su liquidación inició el negocio. Desde entonces ha venido trabajando por su cuenta y trabajando extensas jornadas de trabajo para superar las grandes dificultades de capital que tiene. Con los ingresos de esta tienda ha podido mejorar la calidad de vida de su familia y es por esto que siempre busca mejorarlo. Gracias a su buena atención últimamente ha venido teniendo buenas ventas, y es por esto que busca un préstamo para comprar productos de la canasta familiar para aumentar la variedad de productos que ofrece a sus clientes y así aumentar sus ventas.
Su sueño es poder tener un negocio con más surtido y así mejorar los ingresos para que su familia tenga una mejor calidad de vida.
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.