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Jheny Alexandra
Jheny, 24, is a young entrepreneur who already has a business of her own: a fast-food stand that she started as an alternative to earn income an help her mother with household expenses. He mother who helps her with the business is also who taught it to her for she worked at this for many years. She works weekends from 2pm until 2am to take advantage of the location she has which is a very commercial zone that’s surrounded by discotheques.

Her effort, dedication and positive energy have led her to reach the goals she’s set and this is why she’s asking for a loan to buy another fast-food cart, a large tent, tables, chairs and supplies at wholesale (bread rolls, potatoes, cold-cuts, sauces, soft-drinks, etc.) to be able to improve her working conditions, expand production and offer quicker service to customers who will be able to enjoy what she makes comfortably. All of this will be reflected in increased sales and income generated that she’ll be able to use to continue supporting household economy.

Jheny dreams with being able to strengthen her business and in future be able to rent a space in which to do her work as well as to generate employment opportunities. She will also have the capacity to provide her family with better quality of life.
View original language description ↓
Jheny es una joven emprendedora, que a sus 24 años de edad, ya tiene su propio negocio, un puesto de venta de comidas rápidas que inició como una alternativa para generar ingresos y apoyar a su madre con la economía del hogar, su madre, quien además de apoyarla en esta labor, fue quien le enseñó la actividad ya que por muchos años estuvo dedicada a esta labor, trabaja los fines de semana de 2:00 pm a 2:00 am, para aprovechar la ubicación que posee, pues está en una zona muy comercial, en un espacio rodeado de discotecas. Su empeño, esfuerzo y energía positiva la han llevado a lograr los objetivos que se propone, por ello solicita el apoyo del crédito para comprar otro carro de comidas rápidas, una carpa grande, sillas y mesas y surtido al por mayor (panes, papas, carnes frías, salsas, gaseosas, entre otros), de esta manera podrá mejorar las condiciones de trabajo, ampliar su producción y ofrecer un servicio más ágil a sus clientes, quienes podrán consumir sus productos cómodamente, todo esto se reflejará en el incremento de las ventas y de los ingresos que genera con los que podrá seguir aportando a la economía de su hogar. Jheny sueña con poder fortalecer su negocio y, en un futuro poder arrendar un local en el que pueda realizar su labor, además podrá generar más oportunidades de empleo y tendrá la capacidad para dar a su familia una mejor calidad de vida.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 365
    View loans »
    Colombia Loans Fundraising
  • $14,072,600
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,600 helped Jheny Alexandra to buy another fast-food cart, a large tarp, tables, chairs and ingredients at wholesale.
76% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible