Jhon, 27, is a young man with big dreams. He started his own retail business, selling clothing to order, two years ago. He says that he's one of a network of merchants that have teamed up to support one another and that he's now earning a good living. Jhon wants to add to the range of merchandise he sells so that he can meet demand from his customers and increase his revenue. He will use this loan to buy branded merchandise that sells well in this market. The investment will attract new customers that only want up-to-date merchandise of good quality. Jhon is ambitious for himself and the other members of the network who have banded together to build their businesses.
Jhon con 27 años de edad, es un joven que tiene muchas aspiraciones para su futuro, desde hace aproximadamente dos años inició su propio negocio de venta de mercancías por pedido, lo que le ha representado buenas ganancias a través de una red de mercadeo. Jhon sueña con incrementar las ventas y tener un buen inventario en mercancías para satisfacer las necesidades y gustos de sus clientas. El préstamo que Jhon ha solicitado los invertirá comprando ropa de marca reconocida en el mercado, con ello atraerá muchos nuevos clientes que gustan de lo moderno y de muy buena calidad. Ambiciona seguir incursionando como comerciante a través de la red, donde cada día se unen para obtener grandes y mayores beneficios.
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.