Alexander De Jesús
At present Alexander is unemployed and, with the determination to generate income to cover household expenses, he decided to open his own business, a mini-market to be located in the barrio where he resides. To do this, Alexander has rented a location but he needs shelving, display cases, and a selection of merchandise to be purchased at wholesale (grains, pasta, milk products, frozen meat, biscuit tins, and cleaning products). That is why he is requesting a loan. This will permit him to launch his productive project, with which he hopes to generate income for his family and also offer employment opportunities.
Upon opening his store, Alexander will be achieving his major desire and he will struggle tirelessly to advance and succeed in positioning it in the sector, to guarantee the economic stability that will allow him to provide his children with a good quality education and a better standard of living and quality of life for all the family.
Actualmente se encuentra desempleado y, con el ánimo de generar ingresos para solventar los gastos de su hogar, decidió emprender su propio negocio, un minimercado que estará ubicado en el barrio donde reside, para lo cual ya tomó en arriendo un local pero requiere comprar estanterías, vitrinas y surtido al por mayor (granos, pastas, lácteos, carnes frías, galletería, productos de aseo), razón por la que se motiva a solicitar el apoyo del crédito. Esto le permitirá dar inicio a su proyecto productivo con el que espera generar ingresos para su familia y brindar oportunidades de empleo.
Al abrir su negocio, Alexander estaría cumpliendo su mayor anhelo, por lo que luchará incansablemente para sacarlo adelante y lograr posicionarlo en el sector, para así garantizar una estabilidad económica que le permita brindar una educación de buena calidad a sus hijos y un mejor bienestar y calidad de vida para toda la familia.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
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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