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Ariel Esneider
Ariel is 22 years old and has been working in his own store for a year. He sells products such as grains, fruits and vegetables, snacks, ice cream, personal hygiene items, and supplies for the home. Ariel works alone 7 days a week from 7:00AM until 10:00PM. He learned the grocery business on his own without help from anyone.

Right now Ariel wants to buy more selections for his store such as grains, fruits and vegetables, snacks, ice cream and items for Christmas. This will increase his income and the quality of life for him and his family. In the future Ariel wants to have a larger store in which he can work with his family.
View original language description ↓
El señor Ariel a sus 22 años de edad, se dedica a trabajar en su propia tienda desde hace un año, en la cual vende productos como granos, frutas y verduras, snakcs, helados, productos para el aseo personal y para el hogar. El señor Ariel trabaja solo de lunes a lunes en el horario de 7:00 am a 10 pm. Esta actividad de la tienda la aprendió de manera autónoma y sin ayuda de nadie.
Actualmente el señor Ariel desea comprar más surtido para su tienda como granos, frutas y verduras, snakcs, helados y productos navideños, esto con el fin de aumentar sus ingresos mejorar la calidad de vida de él y su familia. A futuro el señor Ariel desea tener su tienda más grande en la cual pueda trabajar con su familia.

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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,916.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ariel Esneider to buy supplies such as fruit and vegetables, snacks, ice cream, and sweets.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2011
Nov 21, 2011
Currency Exchange Loss:
May 16, 2012