43 year old Jorge is a humble man and he has had to fight to generate enough livelihood to survive. Because he has little education, working in the informal sector has been his only option to generate income. He has worked offering repair services for umbrellas and electrical goods and selling detergents. He does this work everyday, traveling the streets of his area in search of new clients.
His greatest dream is to strengthen his business selling detergents and work full-time on this activity and so he is requesting a loan to buy supplies for making them.
His greatest difficulty is walking long hours under the sun, which has given him continuous headaches. For this reason, he wants to get a stall. But, he knows that this is a medium-range goal.
His family is his greatest motivation and the reason why he is looking to improve his economic condition and quality of life.
Jorge de 43 años de edad, es un hombre humilde al que le ha tocado guerrearse la vida a fin de generar el sustento para vivir. Por su bajo nivel educativo el subempleo fue su única opción para generar ingresos. Se dedica a prestar el servicio de reparación de sombrillas, electrodomésticos y a la venta de detergentes, labor que realiza diariamente recorriendo las calles de su localidad en búsqueda de nuevos clientes.
Su mayor sueño es fortalecer su negocio en la venta de detergentes y dedicarse a esta actividad tiempo completo, por lo cual se encuentra solicitando un crédito que invertirá en la compasa de insumos para su elaboración.
Asegura que su mayor dificultad es caminar arduas horas bajo el sol, situación que le ha produce dolores de cabeza continuos, por lo cual desea adquirir un local, pero es conciente que esta será un proyecto a mediano plazo.
Su familia es su mayor motivación y la razón por la que busca mejorar su condición económica y su 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.