Jhon Fredy is 48 years old. The most important thing for him is to ensure the well-being of his family. This is the main reason he seeks to earn a living.
Three years ago, he decided so set up his own business in order to improve their economic situation and offer his family stability. Jhon loves technology, so he decided to start an internet cafe. He manages it with one of his daughters who is 19. He works 7 days a week from 8 in the morning to 9 in the evening.
Currently, he has a great challenge, to improve the quality of service. This is why he is requesting a loan to buy a team of computers since the flow of people has increased and he is not able to cope with them all at the same time. His greatest desire is to be able declare himself part of the industry and to generate employment.
Jhon Fredy de 48 años de edad, asegura que lo más importante para el es velar por el bienestar de su familia. Esta es la principal razón por la que busca como ganarse la vida. Desde hace tres años decidió montar su propio negocio con el fin de mejorar su situación económica y ofrecerle a su familia una estabilidad. Jhon es amante a la tecnología por lo cual decidió montar un café internet el cual administra con una de sus hijas de 19 años de edad. Labora los 7 días de la semana de 8 a 9 de la noche. En la actualidad tiene un gran reto; mejorar la calidad en la prestación del servicio, por lo cual se encuentra solicitando un crédito con el que comprará un equipo de computo debido a que el flujo de personas se ha incrementado y no da abasto con los que tiene en el momento. Su mayor deseo es poder posicionarse en el sector y generar empleo.
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.