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Luis Fernando
Luis began a business of selling home movies and supplying them to various businesses.

Three years ago Luis bought the business from a friend who decided to leave the country.

He still continues supplying other businesses and selling to homes. He wants to grow the business in order to have more customers and thus improve his quality of life.  
View original language description ↓

Luis Fernando inició su negocio vendiendo las películas a domicilio y surtiendo de las mismas a diferentes negocios.

Hace 3 años Luis le compra el negocio de alquiler de películas a una amiga que decide viajar a otro país, él aún continua surtiendo a otros negocios y vendiendo a domicilio.

Él quiere mejorar su negocio para así poder mayor clientela y así mejorar su calidad de vida.

Additional Information

Important Information

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.

About Colombia

  • $11,100
    Average annual income
  • 507
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,848.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Luis Fernando to purchase location-based media equipment.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 14, 2011
Sep 24, 2011
Currency Exchange Loss:
Jan 15, 2013