Juan Sebastián, who is 18 years old, is living proof that all that is needed in life is motivation and opportunity. Thanks to some small capital that his father gave him, this young man did not hesitate to initiate his business project: he opened an internet café after studying the area where he lives and realizing the potential demand for this service.
His dreams are now becoming true and since he has the potential to become a good manager in his own business, he decided to study repair and maintenance of computers in order to decrease operational costs and offer this additional service. His biggest dream is to be able to improve his service and provide his parents with a better quality of life.
Juan Sebastián is now thinking of expanding his portfolio and requests a loan to invest in video games and school supplies.
Juan Sebastián de 18 años de edad, ha demostrado que en la vida solo se necesita motivación y una oportunidad para salir adelante. Gracias a un capital que le regaló su padre, este joven no dudó en comenzar con su proyecto de negocio. Montó un café internet, después de analizar el sector en donde vive y darse cuenta de la necesidad.
Sus sueños apenas comienzan y como se perfila como un gran administrador de su microempresa, decidió estudiar mantenimiento y reparación de equipos de cómputo con el propósito de ahorrar costos y ofrecer este servicio en su negocio. Su mayor negocio es poder mejorar su servicio y garantizarles a sus padres una mejor calidad de vida.
En la actualidad se encuentra solicitando un crédito que invertirá en la compra de películas de video juegos y compra de útiles escolares, con el fin de ampliar su portafolio de servicios.
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.