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Jhon Alejandro
Jhon is a young entrepreneur who, at just 18 years of age, is already the father of a 6-month-old son. About ten months ago, an opportunity presented itself to him to buy a small grocery store located in the neighborhood where he lives. He took advantage of this, as he was already on track in the area, and he works there Monday through Sunday from 8:00 am until 10:00 pm, but on weekends, he stays open until 2:00 am selling beers and liquor.

He takes advantage of a number of repeat customers who are in the habit of buying food from him day after day, which helps his sales. He also relies upon the support of his girlfriend, who also has the knowledge and skills to run this type of business. This business owner is characterized by a strong drive to succeed and a positive attitude, which drive him to seek out new ways to get ahead.

To do this, he is requesting a loan which he will use to stock his store at wholesale, buying goods like dairy and meat products, pasta and grains, beer, liquor, and other sundries. This will help him continue with his work and offer a wider variety of products to meet his customers needs and tastes, which will be reflected back in the form of increased sales and profits. Jhon wishes to keep working with drive and dedication so that in the near future, he can achieve his dream of finishing his studies at university and thus give his son a better life. He also wants to make his small business a profitable venture and sustainable in the future.
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Jhon es un joven emprendedor que, a sus 18 años de edad, ya es padre de un hijo de 6 meses de nacido. Hace 10 meses aproximadamente se le presentó la oportunidad de comprar una tienda de abarrotes, ubicada en el barrio donde reside, aprovechando que ésta ya contaba con una trayectoria en el sector, allí trabaja de Lunes a Domingo de 8:00 am a 10:00 pm, pero los fines de semana su horario se extiende hasta las 2:00 am ya que también ofrece cervezas y licor. Cuenta con la ventaja de que en la zona las personas acostumbran a comprar los alimentos para el día a día por lo que sus ventas siempre son buenas. Cuenta con el apoyo de su novia que también posee conocimientos en el manejo de este tipo de negocio. El titular se caracteriza por tener un espíritu de superación y un positivismo que lo impulsan a buscar nuevas alternativas para salir adelante, por ello, solicita el apoyo del crédito con el que comprará surtido al por mayor (lácteos, cárnicos, pastas, granos, cervezas, licor, y otros productos de la canasta familiar), esto le permitirá continuar con su labor y ofrecer más variedad de productos para satisfacer los diferentes gustos y necesidades de sus clientes, lo que se reflejará en el incremento de sus ventas y el margen de utilidades que recibe. De esta forma, Jhon desea seguir trabajando con empeño y dedicación, para que en un futuro cercano pueda cumplir el sueño de culminar sus estudios universitarios y así tener la capacidad para brindar a su hijo un mejor bienestar y calidad de vida, además desea hacer de su negocio una microempresa rentable y sostenible en el tiempo.

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.

About Colombia

  • $6,070
    Average annual income
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,350 helped Jhon Alejandro purchase stock for his general store at wholesale.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 28, 2013