Jorge’s great challenge is to become a micro businessman. He’s worked tirelessly to attain better quality of life. He currently works making jewelry, an art he learned from his cousin and that has become his source of support. He’s been working independently for four years and is quite well-known in his community as a result. He dreams with showing his talent to the world and have a great firm where he can offer others a source of work with dignity. With the aim of continuing building his dream, he’s asking for a loan to buy stones and accessories.
Convertirse en microempresario es el gran reto de Jorge, un hombre quien ha trabajado incansablemente por obtener una mejor calidad de vida. En la actualidad se dedica a la elaboración de joyas, arte que aprendió gracias a un primo y que hoy es su fuente de sostenimiento.
Desde hace cuatro años viene trabajando como independiente, por lo cual es bastante reconocido en su localidad.
Sueña con mostrar al mundo su talento y tener una gran empresa en donde pueda brindarle a otras personas la oportunidad de tener un trabajo digno.
Con el propósito de seguir construyendo su sueño, se encuentra solicitando un crédito que invertirá en la compra de pedrería y accesorios.
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.