Juan Carlos is an enterprising young man of 20 years who studied advertising and now wants to start up his own business. This is why he's currently looking for a way to open his own advertising agency, and since he doesn't have the resources to do that, he's looking for a loan to be able to adapt the place he rented, legalize his business, and advertise.
Thanks to his dedication he's been able to move forward little by little, coming out ahead, and now that he has the opportunity he hopes to be able to contribute financially to his home, in order to improve the quality of life for his parents and siblings. His dream is to get his own business ahead and stick with it a long time, to create employment and help others come out ahead.
Juan Carlos es un joven emprendedor de 20 años de edad que estudió publicidad y ahora quiere comenzar con su propio negocio, por esto ahora está buscando la manera de abrir su propia agencia de publicidad y como no cuenta con los recursos para ello, busca un préstamo para adecuar el local que ha alquilado, legalizar la empresa y hacer publicidad.
Gracias a su dedicación ha podido ir poco a poco saliendo adelante y ahora que tiene la oportunidad espera poder aportar económicamente en su hogar para mejorar la calidad de vida de sus padres y sus hermanos. Su sueño es sacar adelante su propia empresa y durar mucho tiempo con ella, para generar empleo y ayudar a otros a salir adelante.
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.