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Jhon Alexander
Jhon Alexander is a 27-year-old man who is single and has no children. He currently manages a scrap metal business, a trade that he learned from his partner’s father who previously owned the business. When the owner died two years ago, the business passed on to Jhon Alexander. He is known for being energetic and enterprising.


Jhon Alexander strives to move his business forward by obtaining the resources he needs to sustain it. The loan he is requesting from Interactuar will be used to buy more scrap metal that he can sell to generate a good profit. He would also like to pay a few bills from his suppliers. His greatest wish is to grow his business so that he can increase his sales, earn more needed income to improve his quality of life, and create more job opportunities.

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John Alexander es un hombre de 27 años de edad, es soltero y aún no tiene hijos. Actualmente se dedica al negocio de la chatarrería, oficio que conoció gracias a su suegro, quien era el dueño anterior de este negocio, pero hace 2 años falleció y el negocio pasó a ser propiedad del prestatario. Se caracteriza por ser enérgico y emprendedor, se esmera por sacar su negocio adelante para obtener los recursos con los que sustenta sus necesidades. Con el crédito que solicita en la Corporación desea comprar más chatarra ya que ésta genera buenas utilidades al venderla, y adicionalmente desea pagar algunas cuentas a sus proveedores. Su mayor sueño es hacer crecer su negocio con el fin de aumentar sus ventas, incrementar sus ingresos para mejorar su calidad de vida y, poder generar más oportunidades de empleo.

Additional Information

Important Information

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.

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About Colombia

  • $6,070
    Average annual income
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,927.3
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,575 helped Jhon Alexander to buy scrap metal in bulk.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 31, 2013