Jaider is 24, enterprising, and forward thinking. After losing his job, he decided to open a clothing and accessories store with his savings to have an income source to pay his living expenses. He wants to be a great merchant and sell wholesale merchandise to local businesses. He knows that discipline and perseverance are required to achieve his dreams, and this is his first step. Every day he opens his business at 8 am to begin working.
His family admires him because his efforts are leading him in the right direction and because, besides being a good person, he is a good son and brother. Jaider is applying for a loan to expand the store's selection and will buy shoes and clothing for the year-end season so that he can increase his sales and earnings.
Jaider de 24 años de edad es un hombre emprendedor y visionario, tras quedarse sin empleo decidió montar un almacén de ropa y accesorios con sus ahorros, para tener una fuente de ingresos que pudiera solventar las necesidades de su casa. Su mayor deseo es convertirse en un gran comerciante, vender al por mayor, surtiendo los negocios de su localidad.
El tiene claro que para alcanzar sus sueños se necesita de disciplina y constancia, por ello ya dio el primer paso. Todos los días se dirige abrir su negocio a las ocho de la mañana y comienza su faena.
Su familia siente gran admiración porque su esfuerzo lo está conduciendo por un buen camino, además porque a parte de ser bueno en los negocio es buen hijo y hermano.
Jaider se encuentra en búsqueda de un crédito con el que diversificará el surtido en su almacén, realizará compra de calzado y ropa para la temporada de fin de año con el fin de incrementar sus ventas y generar mayores ganancias.
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.