Jonatan, 24 years old, lives with his partner in a common law marriage. He is a young entrepreneur, with vision and a great desire to get ahead but due to a lack of work experience it has been difficult for him to find employment opportunities. This has led him to live in a very unstable economic situation and for that reason he was motivated to start his own business, an internet café and video game room. Additionally he has slot machines and sells soft drinks and snacks to supplement his income during the two years that he has been up and running. He had never had experience in systems management but he has been learning with a lot of effort and dedication. This has allowed him to obtain income to bring the daily food to his home.
He is requesting a loan as a support for improving his business. He wants to invest it in the purchase of a multifunction printer and to stock up on snacks and soft drinks. In this way he will expand the portfolio of services that he offers and this will allow him to increase his sales and his income in order to be able to save and achieve one of his principal goals which is to see his business grow and in this way give his wife a better quality of life.
Jonatan, a sus 24 años de edad vive con su pareja en unión libre. Es un joven emprendedor, con visión y muchas ganas de salir adelante, pero por falta de experiencia laboral le ha sido difícil encontrar oportunidades de empleo, esto lo ha llevado a vivir una situación económica muy inestable y por eso se motivó para iniciar su propio negocio, una sala de internet y video juegos, adicionalmente tiene máquinas traga monedas y vende gaseosas y mecato para complementar los ingresos, durante los 2 años que lleva funcionando. Él nunca había tenido experiencia en el manejo de sistemas, pero fue aprendiendo con mucho esfuerzo y dedicación, esto le ha permitido obtener ingresos para llevar el alimento diario a su hogar. Solicita el crédito como un apoyo para ir mejorando su negocio, lo desea invertir en la compra de una impresora multifuncional y surtir con mecato y gaseosas, de esta forma amplía el portafolio de servicios que presta y esto le permitirá aumentar sus ventas y sus ingresos para poder ahorrar y cumplir una de sus principales metas que es ver crecer su negocio y así darle una mejor calidad de vida a su esposa.
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.