Jesús is 54 years old, and he knows that to get ahead and offer his family better living conditions, work is the main passport to a better future. This is why he works every day in order to generate enough income to guarantee his wife and two daughters a better quality of life. For 10 years he has worked in the production and commercialisation of quail eggs, a product which is highly prized in his area.
His biggest wish is to be able to industrialise his production to generate better profits and to distribute it not only in the local market but in the entire region of the Antioquia department in Colombia. He is currently asking for a loan which he will invest in the purchase of more birds since his clients have increased their orders and he has to keep a stock that will allow him to fulfil the demand. He hopes to be able to offer his two daughters the opportunity to go through higher education and have a better future.
Jesús de 54 años de edad, tiene claro que para salir adelante, y ofrecerle mejores condiciones de vida a su familia, el trabajo es su principal pasaporte a un mejor futuro. Razón por la cual labora diariamente a fin de generar los ingresos suficientes para garantizarles a su esposa y sus dos hijas una mejor calidad de vida.
Desde hace diez años se dedica a la producción y comercialización de huevos de codorniz, producto bastante apreciado en su localidad.
Su mayor deseo es poder industrializar su producto para generar mejores utilidades y distribuirlo no sólo en el mercado local si no en toda la región del departamento de Antioquia, Colombia. Hoy se encuentra solicitando un crédito que invertirá en la compra de más aves ya que sus clientes han aumentado sus pedidos y debe mantener un stock que le permita cumplir con el índice de demanda. Espera poder brindarles a sus dos hijas la oportunidad de acceder a al educación superior y contar con un mejor futuro.
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.