Jamer is 24 years of age, and is an enterprising young man with a strong desire to get ahead in life. He completed his secondary school education at the age of 17. Due to his family’s difficult financial situation, he couldn’t go to university, so he started a free technical course to train as an electrician. Thanks to this opportunity, this young man now works as an electrician, a business which has allowed him to improve his quality of life and that of his parents. He works every day in the town of Rionegro, starting at 7 am and finishing at 6 pm.
Jamer’s biggest dream is to be able to open his own workshop, so that he can generate more income and have the time he needs to continue with the professional studies involved in his profession. He has therefore requested a loan to invest in the purchase of tools (electric welder, pliers, voltage tester), which will allow him to improve the quality of the service he offers, as well as to increase the number of customers he has.
Jamer de 24 años de edad, es un joven emprendedor y con muchas ganas de salir adelante. Terminó sus estudios secundarios a la edad de 17 años.
Por la precaria situación económica de su familia, no pudo acceder a la educación superior, así de inició un estudio gratuito en técnico electricista.
Gracias a esta oportunidad este joven hoy ofrece servicios eléctricos, actividad que le ha permitido mejorar su calidad de vida y la de sus padres. Labora diariamente en el municipio de Rionegro de 7 de la mañana a 6 de la tarde.
Su mayor sueño es poder montar su propio taller con el fin de generar mayores ingresos y contar con el tiempo para continuar con el ciclo profesional de su carrera. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de herramientas de trabajo (soldador eléctrico, alicate, detector de tensión) que le permitan mejorar su calidad en el servicio y aumentar su número de clientes.
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.