Yohaan plans to start a sewing business with his mother-in-law, who was the one who taught him this trade and prepared him for this type of work. The loan he is requesting will help him to buy supplies such as fabrics, thread, and needles. These items will allow him to start this project so that he can forge a future for himself.
Like many young people in the city of Medellín, Yohaan is among the list of young entrepreneurs who are looking for opportunities each day. With his energy, he will be able to accomplish great things and always look after the welfare of his family and community.
El planea iniciar con un negocio de confecciones al lado de su suegra quien le enseñara el oficio y lo preparara para el trabajo.
El solicita una ayuda para la compra de insumos como telas, hilos y agujas, elementos que le permitirán comenzar con su proyecto y comenzar a forjarse un futuro.
Yohaan, como muchos jóvenes en la ciudad de Medellín completan la lista de los jóvenes emprendedores que día a día buscan oportunidades y que con su energía pueden lograr grandes cosas buscando siempre el bienestar de sus familias y comunidad.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis 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.
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