47-year-old Jairo is a micro entrepreneur. Twelve years ago he decided to set up his own business selling basic household groceries. He works in his business together with his wife.
Thanks to their work, Jairo has been able to improve his household's living conditions and guarantee his two dependent children access to an education. His biggest dream is to be able to offer his family a home of their own. He says that his family is his biggest incentive and they give him the energy he needs to continue making progress every day.
Jairo is currently requesting a loan to invest in buying stock so that he can increase his sales volume and make more income.
Jairo a sus 47 años de edad, se proyecta con un microempresario. Desde hace doce años decidió montar su propio negocio dedicado a la venta de productos de la canasta familiar, en el cual labora en conjunto con su esposa.
Gracias a su trabajo ha podido mejorar las condiciones de vida en su hogar y garantizarles a sus dos hijos menores de edad acceso a la educación.
Su mayor sueño es poder ofrecerle a su familia una vivienda propia.
Asegura que su hogar es su gran aliciente y la mayor fuente de energía que lo impulsa a seguir adelante cada día.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de surtido para incrementar el volumen de ventas y obtener mayores ingresos.
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.