Jesús, 46, is a strong man. Despite the problems he has had to face due to his financial situation, he keeps looking for better life choices. He has a store now, thanks to his years of hard work, that allows him to support his family. The business is growing; therefore, he has applied for a loan to buy stationery items and a copier so that he can increase sales and be more competitive in the local market. His biggest dream is to buy a space for his business so that he can reduce costs and guarantee a better standard of living for his family.
Jesús de 46 años de edad, se caracteriza por se un hombre pujante. A pesar de las dificultades que ha tenido que afrontar debido a su condición económica, sigue adelante buscando mejores alternativas de vida. Hoy tiene una tienda gracias a su esfuerzo y años de trabajo, que le han permitido generar el sustento diario. En la actualidad su negocio se está acreditando, por lo cual, se encuentra solicitando un crédito, que invertirá en la compra de artículos de papelería y fotocopiadora, con el propósito de aumentar sus ventas y ser más competitivo en el mercado local.
Su mayor sueño es comprar el local en donde tiene ubicado su negocio con el fin de reducir gastos y garantizarle a su familiar mejores condiciones de vida.
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.