He works raising and selling cattle as a way of supporting his family in the municipality of Rionegro, Colombia. The business of selling livestock insures him of high profits. His biggest challenge has been finding a place to raise them because the rent is so high. He learned this activity by doing it and now has about two years of experience.
He is seeking a loan in order to buy two calves thereby increasing his income and giving his family a better quality of life.
In the near future Jairo wants to have more cattle and offer employment in his area.
Jairo de 34 años de edad, se dedica a la comercialización de ganado de levante como medio de sostenimiento familiar en le municipio de Rionegro, Colombia. Asegura que la venta de ganado es un negocio que tiene un margen alto de utilidad. Su mayor dificultad ha sido conseguir potreros debido a que el alquiler es bastante costoso. Aprendió de la actividad de manera empírica y hoy lleva alrededor de dos años ejerciéndola.
Se encuentra solicitando un crédito para la compra de dos terneras y aumentar sus ingresos, brindándole a su familia una mejor calidad de vida. En un futuro cercano Jairo desea tener un mayor número de ganado y generar empleos directos en su localidad.
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.