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Jairo Antonio

Update on Jairo Antonio

Jairo is a mature man who is experienced in living a life full of obstacles. Like many Colombians, it falls to him to forge his path with effort and patience. It is very clear to him that sometimes life does not smile on everyone. However, it is clearer to him that this is no reason to lose heart and be taken over by the bad situation.

His best-known phrase is that intelligent men come out of the worst moments. Perhaps this sentence does not make sense, or only he understands it. He explains it very simply. The only thing it means to say is that the most intelligent solutions come from the worst situations. That is how he got into the world of micro-finance. He did it in order to start his place of renting entertainment. It is a place where children are able to distract themselves by playing video games. With the business he has managed to grow and to cover all of his expenses.

He now needs monetary help in order to maintain and adapt the place. With his first loan he managed to set up the business. What he is seeking is to make it attractive and so that it has equipment that functions optimally.

This single man’s big dream is to find a life partner with whom he is able to tend to the business and to grow financially in a family environment where the main values are love and respect.
View original language description ↓
El señor Jairo es un hombre ya maduro, experimentado en vivir una vida llena de tropiezos ya que como a muchos colombianos le toco forjar su camino con esfuerzo y sufrimiento dado que tiene muy claro que en ocasiones la vida no le sonríe a todos, pero tiene más claro que esta no es razón para decaerse dejarse llevar por la mala situación, pues su frase más celebre es de los peores momentos salen hombres inteligentes y es quizás una frase que carece de sentido, o que solo él entiende y la explica muy simplemente, lo único que quiere decir es que de las peores situaciones salen las soluciones más inteligentes y es así como se adentró en el mundo de los microcréditos, para iniciar su local de alquiler de entretenimiento concretamente un local donde los niños pueden ir a distraerse jugando videojuegos, negocio con el que ha logrado crecer y suplir todos sus gastos, de momento requiere una ayuda monetaria para realizar mantenimiento y adecuación del local, pues como con su primer microcrédito logro montarlo lo que busca es hacerlo atractivo y que tenga unos equipos que funcionen a cabalidad. El gran sueño de este hombre soltero es encontrar una pareja con la cual pueda atender el negocio codearse y crecer económicamente en un entorno familiar donde los principales valores sean el amor y el respeto

Previous Loan Details

Jairo is a person that even against many adversities has found a way to move forward, thanks to his hardworking nature. Before, Jairo had an internet cafe and video game shop, but as a result of a few difficulties outside of his control he had to close the business. After, Jairo began setting up ... More from Jairo Antonio's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 464
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,935.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $800 helped Jairo Antonio to provide maintenance, to repair, and to improve the equipment in his place.
91% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2015