Jaime is 32 years old, married, and has three children who are 11, 9, and 7 years old. He got the idea to start his own business when he was not able to find work opportunities and his family was in a difficult financial situation. He started a restaurant where he works from Monday to Sunday together with his wife. This allows them to earn the necessary resources to meet their family's needs and basic expenses. Jaime is a man with a vision for the future to achieve his goals. He is always thinking of the well-being of his children and his wife, who motivate him to move forward every day.
He is requesting this loan to invest in the purchase of ingredients at wholesale (grains, vegetables, sodas, oil, meat, and other items) and fixed assets (canopies to adapt his business). This will allow him to improve the image of his business and offer his customers a large variety of fresh products of good quality. This will help him expand his customer base and therefore improve his family's financial situation. This gives him the opportunity to advance towards the fulfillment of his greatest dream, which is to strengthen his business and open more locations so that he can provide employment opportunities to other people, and improve not only his family's quality of life but also that of the employees that work for him.
Jaime, con 32 años de edad, es casado y tiene 3 hijos de 11, 9 y 7 años. La idea de montar un negocio propio surgió al no encontrar oportunidades de empleo y a la difícil situación económica por la que atravesaba su familia. Por esta razón montó un restaurante donde trabaja de Lunes a Domingo en compañía de su esposa, de esta manera obtiene los recursos necesarios para solventar las necesidades y gastos básicos de su familia. Jaime es un hombre con visión y proyección hacia el cumplimiento de sus metas, siempre pensando en el bienestar de sus hijos y su esposa, quienes lo motivan día a día para seguir avanzando. Actualmente solicita el crédito con el interés de invertirlo en la compra de insumos al por mayor (granos, verduras, gaseosas, aceite, carnes, entre otros) y activos fijos (carpas para adecuar el negocio), con esto podrá mejorar la imagen del establecimiento y podrá ofrecer a sus clientes gran variedad de productos frescos y de muy buena calidad, lo que le permitirá aumentar su clientela y así mejorar la entrada de recursos económicos para su familia. Adicionalmente tendrá la oportunidad de avanzar hacia el cumplimiento de su mayor sueño que es fortalecer su negocio y montar más sucursales para poder brindar oportunidades de empleo a otras personas y, de esta forma mejorar la calidad de vida tanto de su familia, como de los empleados que laboren con él.
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.