Jaminson is a young man who wants to become a small business owner, and this has motivated him to have his own business and begin building a better lifestyle for himself. He learned welding from his father who is in the same trade. Although he does not have the economic resources to reach his goal, he believes this should not be an obstacle. Therefore, he is requesting a loan to invest in the purchase of welding equipment and in renovation of his business location.
His greatest goal is to have a stable income and begin his university studies.
Jaminson es un joven, que desea convertirse en microempresario, razón que lo ha motivado a tener su propio negocio y comenzar a construir una mejor calidad de vida. Aprendió el oficio de soldador gracias a su padre quien se dedica a la misma actividad. Aunque no posee los recursos económicos para materializar su sueño, tiene claro que este no es un impedimento, por lo cual se encuentra solicitando un crédito que invertirá en la compra de un equipo de soldadura y adecuaciones locativas.
Su mayor sueño en tener una condición económica estable e iniciar sus estudios universitarios.
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.