Nelson De Jesús
With the goal of better establishing his business, he is asking for the help of a loan to buy a refrigerated display case, which will allow him to have a greater variety of items to offer. In this way he can meet the needs of his customers, improving the earnings that he receives for his work.
Nelson shares that his greatest desire is to expand his business and turn it into a mini-market where his customers could find the items they need and thus improve his profits, giving him the ability to provide a better quality of life and wellbeing to his family.
Desde hace 2 años, inició su propio negocio, una tienda de abarrotes que se encuentra ubicada en la plaza de mercado del pueblo donde reside, la idea surgió por la necesidad de generar recursos que le permitieran solventar los gastos familiares, pues en ese momento estaba pasando por una difícil situación económica.
Con el ánimo de acreditar su negocio, solicita el apoyo del crédito para comprar una vitrina refrigerante, lo que le permitirá tener más variedad de artículos para ofrecer y así satisfacer las necesidades de sus clientes, mejorando los ingresos que percibe por la labor.
Nelson manifiesta que su mayor anhelo es ampliar su negocio y convertirlo en un mini mercado, en el que todos los clientes encuentren los productos que requieran y así mejorar la rentabilidad, para que le brinde la capacidad brindar a su familia una mejor calidad de vida y bienestar.
More information about this loan
By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.
This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.
Important InformationThis 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.
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