Antonio De Jesús
Today, his dream is to open his own business to create a new source of employment and to improve not only his own family's quality of life but also the lives of other individuals who cross his path. He assures that his work is well-appreciated and recognized and, thus, it will not be difficult for him to enter the market.
In order to begin his great project, Antonio is asking for a loan that he will use to purchase tools and raw materials such as wood. The aim is to begin working.
He dreams of being successful and providing his family with economic stability.
Asegura que su trabajo es bastante apreciado y reconocido, por lo cual no le será difícil iniciar en el mercado laboral.
Para dar inicio a su gran proyecto, Antonio se encuentra solicitando un crédito que invertirá en la compra de herramientas y materia prima-madera- con el fin de iniciar a trabajar. Sueña con salir adelante y ofrecerle a su familia una estabilidad económica.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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Success!! The loan was 100% repaid