Jaime is 60 and an experienced merchant. He has worked as a vendor and taxi driver. Thirteen years ago, he decided to use his savings to start his own business selling basic household items so that he could improve his family's living situation. He is deeply grateful that this business has allowed him to provide his two children with a good education.
His business is growing because he offers great customer service. He wants to expand his business and offer self-service so that he can stock more products and offer employment to others. Jaime believes now is the time to fulfill his goals and dreams. He is applying for a loan to buy more inventory and supplies for the school season. This will increase his earnings and improve his living situation.
Jaime de 60 años de edad, es un hombre con mucha experiencia en el sector comercial. Laboró como vendedor y taxista.
Desde hace 13 años tomó la decisión de independizarse y montar su propio negocio dedicado a la venta de productos de la canasta familiar con los ahorros de toda una vida de trabajo, a fin de mejorar las condiciones económicas de su familia.
Siente un profundo agradecimiento con la vida porque gracias a su actividad ha podido brindarles a sus dos hijos una buena educación.
Su negocio se encuentra en asenso gracias a su atención de servicio al cliente. Su mayor deseo es poder expandir su negocio y convertirlo en un autoservicio con el fin de ampliar su portafolio de productos y llegar a convertirse en una fuente de empleo para su sector.
Con todos estos sueños por cumplir, Jaime está convencido que es hora de comenzar a materializarlos, por esta razón se encuentra solicitando un crédito que invertirá en la compra de surtido y útiles escolares aprovechando la temporada estudiantil, lo que le permitirá generar mayores ingresos y obtener 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.