Dorance de Jesús, 39, makes a living raising chickens, which supports him and his family. He has had difficulties in life: because of financial conditions he was not able to get an education, and from a young age he had to work to survive. Currently he has his wife and three-year-old son, for whom he strives to get ahead, so he can give them what circumstances denied him.
His biggest dream is to be able to have a stable business that will give him peace of mind and security in the present and a better future. For this reason he's requesting a loan to buy animals for fattening and to maintain the corrals.
Dorance de Jesús de 39 años de edad se dedica al oficio de la cría de pollos, actividad que le brinda el sustento a el y a su familia. Le ha tocado difícil en la vida debido a que por condiciones económicas nunca pudo acceder a la educación y desde niño se vio en la obligación de trabajar para subsistir. En la actualidad cuenta con su esposa y su hijo de tres años por los que lucha para sacar adelante y poderles brindar lo que las circunstancias un día le negaron.
Su mayor sueño es poder contar con un negocio estable que le brinde la tranquilidad y la seguridad se un presente y un futuro mejor. Por tal motivo recurre a la solicitud de un préstamo que le permitirán comprar animales de engorde y realizarle mantenimiento a los corrales.
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.