John is 43 years old. He is the father of two children and lives in free union with his partner. Eighteen years ago he moved from the town where he was born and settled in the city, with the goal of seeking new horizons and new opportunities to progress. There he began to work in a business, but after four years, he saw that the salary he earned was not sufficient to pay for the necessities of his household. For that reason, he began to sell fruit from a cart on Sundays. Little by little, he acquired customers, and it began to go better for him, and so he decided to resign from the business and sell fruit full time. Further on, he acquired a fixed location where he could locate his cart, and he has been there for 14 years, working every day from very early in the morning and during the day. He has the help of his older son.
The borrower is a hard-working and vigorous man. He focuses on reaching his goals, and for this reason he was encouraged to apply for the loan, with the goal of investing in the wholesale purchase of fruits to take advantage of the discounts he obtains and thus capitalize his business, which will be reflected in an increase in the earnings margin for his sales. This will allow John to accomplish his dream of offering his children an excellent university education, so that they can have a successful future and become good men. Furthermore, he wants to set up a fruit and vegetable business at a place located in a large residential neighborhood. Thus he will have the potential to offer his family a stable, favorable economy and a better quality of life.
Jhon tiene 43 años de edad, es padre de 2 hijos y vive en unión libre con su pareja. Hace 18 años se trasladó de su pueblo natal y se radicó en la ciudad, con el objetivo de buscar nuevos horizontes y nuevas oportunidades para progresar. Allí, comenzó a laborar en una empresa, pero luego de 4 años, vio que el salario que ganaba no le alcanzaba para solventar las necesidades de su hogar, por lo que comenzó a vender frutas en una carreta los domingos, poco a poco fue consiguiendo clientes y le comenzó a ir mejor, por lo que decidió retirarse de la empresa y dedicarse de lleno a la venta de frutas, más adelante consiguió un punto fijo donde ubicar la carreta y allí ya lleva 14 años, trabajando todos los días desde muy temprano en la mañana y durante el día cuenta con el apoyo de su hijo mayor. El cliente es un señor trabajador y pujante, se esmera para lograr sus objetivos, por eso se anima a solicitar el crédito, con el fin de invertirlo en la compra de frutas al por mayor para aprovechar los descuentos que obtiene y así capitalizar su negocio, lo que se verá reflejado en el aumento del margen de ganancias por ventas. Esto le permitirá a Jhon cumplir el sueño de brindarle a sus hijos una excelente educación universitaria, para que tengan un futuro exitoso y sean hombres de bien, además desea montar un negocio de legumbres y frutas en un local ubicado en un barrio residencial grande, así tendrá la capacidad de brindar a su familia una estabilidad económica favorable y mejor calidad de vida.
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.