26-year-old Jefferson is an entrepreneur who is always looking for opportunities to get his family ahead in life. One of his biggest dreams was to set up his own business because it is very difficult for him to find a job as a result of some health problems he has.
One of Jefferson's relatives encouraged him to set up a video game and Internet business and, by doing so, he has achieved his dream. Although he didn't have the capital he needed to invest, he did not let this hold him back. He requested a loan and started his business. He has been working in his business for five years now.
One of the main advantages that Jefferson's business has is its location as it is near a number of educational institutions which means he earns more income. His wife is currently helping out with the business during the afternoons as he serves his customers from 8.00am to 9.00pm.
With the aim of expanding his business and improving his family's living conditions, Jefferson is requesting a loan to invest in buying two computers and a small fridge. This will enable him to improve the quality of the service he offers.
Jefferson de 26 años de edad, es un emprendedor que busca oportunidades para sacar adelante su familia. Uno de sus mayores sueños ha sido montar su negocio ya que por condiciones de salud, le es muy difícil emplearse.
Gracias a la sugerencia de un pariente que lo motivó para montar una sala de videojuegos e internet, Jefferson hoy ve cumplido su sueño. Aunque no contaba con los recursos para invertir en capital, esto no fue un obstáculo, solicitó un crédito y dio inicio a su proyecto, en el cual ha trabajado durante cinco años.
Una de las mayores ventajas que Jefferson encuentra de su trabajo es la ubicación del local, debido a la cercanía con instituciones educativas, lo que se traduce en un mayor número de ingresos. Actualmente su esposa le colabora en el negocio en horas de la tarde, ya que el horario de atención es de ocho de la mañana a nueve de la noche.
Con el propósito de ampliar su negocio y mejorar las condiciones de vida de su familia, Jefferson se encuentra solicitando un crédito que invertirá en la compra de dos computadores y una nevera pequeña a fin de mejorar la calidad en el servicio.
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.