Juan Camilo, at the age of 19 years, already shines as a great businessman, or at least, his ex-boss thinks of him that way. On seeing potential in this young man, he decided to inspire him and loan him the initial capital to start his own business. For nine months, Juan has worked independently from his home, selling beverages and pastries. He says that this has been the best opportunity that life has given him because he has been able to learn about customer service and how to manage finances.
He wants to continue growing on personal and professional levels, so he will start studying marketing to expand his business.
His main challenge is lack of capital, so he finds himself requesting a loan that he will invest in the purchase of stock to meet his customers' needs and improve his revenues.
His family is his greatest treasure, which is why he is prepared to exert himself to give his siblings a good education and his mother a better quality of life.
Juan Camilo a sus 19 años de edad, ya se proyecta como un gran empresario, o por lo menos a si lo considera su ex-jefe quien al ver potencial en este joven decidió impulsarlo y prestarle el capital inicial para que montara su propio negocio. Desde hace nueve meses labora como independiente desde su vivienda, comercializando refrescos y mecatos. Asegura que esta ha sido la mejor oportunidad que le ha regalado la vida porque ha podido aprender acerca del servicio al cliente y a manejar las finanzas.
Desea seguir creciendo a nivel personal y profesional, por lo cual comenzará a estudiar mercadeo para expandir su negocio.
Su mayor dificultad es la falta de capital, por lo cual se encuentra se encuentra solicitando un crédito que invertirá en la compra de surtido a fin de satisfacer las necesidades de sus clientes y mejorar sus ingresos.
Su familia es su mayor tesoro por lo cual está dispuesto a esforzarse para brindarle a sus hermanos una buena educación y a su madre 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.