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Luis Alfonso
Sr. Luis is 65 years old and has been producing handicrafts made of clay and decorating pots for more than 30 years. He is from Bogotá, which is where he acquires the pots. He brings them to his own workshop to be decorated and then sells them in the city of Medellín.


Sr. Luis wants to buy supplies such as clay, oil, paints, and other items. He also wants to make structural changes to his workshop by renovating the floor and the walls. With his previous loan, Sr. Luis was able to improve the display of the products in his workshop and to participate in various artisan fairs in Medellín and Bogotá. At the same time, he was able to increase his earnings and promote his business and products.


Sr. Luis dreams of exporting his products abroad in order to showcase Colombian talent.

View original language description ↓
El señor Luis a sus 65 años de edad se dedica desde hace más de 30 años a la elaboración de artesanías con barro y a la decoración de materas. Desde Bogotá, el señor Luis trae las materas, las decora en su propio taller y las comercializa en la ciudad de Medellín. El señor Luis desea comprar insumos como el barro, aceites y pinturas y además realizarle adecuaciones a su taller en el piso y paredes. Con lo anterior, el señor Luis podrá mejorar la exhibición de sus productos en su taller y participar en diferentes ferias artesanales en Medellín y Bogotá, asimismo esto le permitirá aumentar sus ingresos y posicionar su negocio y productos. El sueño del señor Luis es poder exportar sus productos al exterior para resaltar el talento colombiano.

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
  • 472
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,945.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Luis Alfonso to purchase crafts supplies and to pay for renovations to his workshop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013