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Nelson Antonio
Sr. Nelson Antonio sells legumes at the market plaza in the town of Rionegro, which is east of Antioquia. He is 45 years old, married, and the father of two children for whom he strives to provide for their daily needs.


Sr. Nelson dreams of providing the education that his children need so that they will have financial stability in the future. This is why he works hard every day selling legumes. In order to provide better service and better products for his customers, he is requesting to buy a scale and an assortment of potatoes. This will help him to increase his sales and accomplish the dream that he desires to fulfill.

View original language description ↓
El señor Nelson Antonio esta dedicado a la venta de legumbres en la plaza de mercado del municipio de Rionegro, al oriente de Antioquia. A sus 45 años se encuentra casado y es padre de 2 hijos a los que les debe brindar el sustento diario. El señor Nelson sueña con poderle brindar a sus hijos la educación que requieren y un futuro económico estable, por lo que trabaja arduamente todos los días en su venta de legumbres. En búsqueda de garantizar una mejor atención, y mejores productos para sus clientes, requiere de la compra de una báscula y un surtido de papas. Así podrá incrementar sus ventas y lograr cumplir el sueño que tanto desea.

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
  • 196
    View loans »
    Colombia Loans Fundraising
  • $13,159,300
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Nelson Antonio to buy a scale and an assortment of potatoes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014