Check out some available loans that are similar to this one!
Robinson
Robinson is a young man who is 20 years of age. He took charge of a store that he subleased three years ago. Robinson had worked there as an employee for several years. Today he manages this business from 6am to 10pm every day of the week so that his venture does well. He learned this trade from his family, who has always been supportive of him. For this reason, Robinson works hard day after day and is motivated to earn sufficient income to support himself.


His store lacks an assortment of products, so he needs to buy inventory. Young Robinson’s dreams include studying accounting and expanding his business.

View original language description ↓
El joven Robinson a sus 20 años de edad tiene a su cargo una tienda que tomo en subarriendo desde hace tres años, luego de laborar en esta como empleado por varios años. Hoy día, el joven Robinson es quien atiende su negocio desde las 6:00 a.m hasta las 10:00 p.m durante toda la semana y vela porque marche bien. Este oficio lo aprendió de su familia quienes han sido siempre su apoyo y por quienes trabaja día a día arduamente con el ánimo de conseguir los ingresos suficientes para su sostenimiento. La tienda del señor Robinson esta con carencia de productos para lo cual el joven Robinson requiere de la compra de surtido. El sueño del joven Robinson es estudiar contabilidad y ampliar su negocio.

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

  • $6,070
    Average annual income
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,934.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Robinson to buy merchandise for his store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012