Jesús is 60 years old, married, and the father of two children. Throughout his entire productive life, Jesús worked in the construction field, but due to the unstable labor market and his age he decided to become independent. With some savings he had on hand, he decided to start his own business. Jesús has a grocery store where he offers cleaning products, grains, pastas, dairy products, and many other household products. He has the help of his young daughter and they work every day from 7:00 A.M. to 9:00 P.M. In order to supplement his family’s earnings, Jesús also performs construction jobs on a sporadic basis. During these moments, his family helps with managing the business.
Jesús says that his main challenge is the lack of operating capital, which limits his inventory and results in lost sales because he lacks products. Nonetheless, this does not discourage him. On the contrary, he is motivated to look for ways to move forward with his business. For this reason, Jesús is requesting a loan so that he can buy merchandise in bulk (grains, pastas, pastries, sodas, cold cuts, dairy products, and other items). This will enable him to have a wider variety of products on hand that he can offer to his customers. As a result, he will be able to improve his sales and his income so that he can continue covering basic household needs.
Jesús dreams of expanding his store, stocking his business with more products, and increasing his clientele. This will guarantee favorable financial stability so that he can improve his family’s well-being. In the near future, he would like to enjoy the fruits of his hard labor along with his loved ones.
Jesús, a sus 60 años de edad, es casado y padre de 2 hijos. Durante toda su vida productiva se dedicó a trabajar en el área de construcción, pero, debido a la inestabilidad laboral y a su edad, decidió independizarse y, con unos ahorros que tenía, inició su propio negocio, una tienda de abarrotes donde ofrece productos de aseo, granos, pastas, lácteos y muchos productos de la canasta familiar, cuenta con el apoyo de su hija menor y trabajan desde las 7:00 am hasta las 9:00 pm todos los días; para complementar los ingresos familiares, aún realiza trabajos de construcción esporádicamente, momentos en los cuales recibe el apoyo de su familia para atender su negocio. El cliente manifiesta que su principal desafío es la falta de capital de trabajo, pues el surtido es muy limitado y ha perdido ventas por falta de productos, sin embargo, esto no lo desanima, por el contrario, se motiva para buscar opciones que le permitan seguir con su proyecto. Es por ello que solicita el apoyo del crédito con el que comprará surtido al por mayor (granos, pastas, mecato, gaseosas, carnes frías, lácteos, entre otros), así podrá tener más variedad de productos disponibles para ofrecer a su clientela, mejorando sus ventas y los ingresos, con lo cuales podrá seguir solventando las necesidades básicas del hogar. Jesús sueña con lograr ampliar su tienda, acreditarla con más productos y aumentar su clientela, pues con ello podrá garantizar una estabilidad económica favorable para dar a su familia un mejor bienestar y, en un futuro cercano poder disfrutar los frutos de su ardua labor, en compañía de los suyos.
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.