Jeison is 23 years old. He is a young man who knows how to make a living. Since he was a boy, he has enjoyed working. Improving his mother's quality of life is his biggest challenge. Right now Jeison works as a debt collector in his town, but he is asking for this loan in order to acquire a motorcycle and have a better means of transportation, which will allow him to increase his productivity at work. He is certain that this investment will not only improve his quality of life, but that of his family as well.
Jeison de 23 años de edad, es un joven que sabe como ganarse la vida, desde niño le gusta trabajar, asegura que su mayor reto es mejorar la calidad de vida de su madre. En la actualidad labora como cobrador en su localidad, pero se encuentra solicitando un crédito con el fin de adquirir una motocicleta y tener un medio de transporte que le permita mejorar la productividad en su trabajo. Asegura que dicha inversión mejorará no sólo su calidad de vida sino la de su grupo familiar.
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.