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Hector Daniel
At 53 years of age, Sr. Héctor Daniel has been working as a shoemaker for 40 years. His father was in the same line of work and taught him everything he needed to know so that he could open his own workshop. Héctor Daniel works Monday through Saturday from 8am to 6pm. His wife and his young daughter assist him.


In order to improve his sales and his quality of life, Sr. Héctor Daniel needs to buy supplies such as adhesives, soles, fabrics, and leather so that he can make new styles of shoes that he can offer to his customers. His dream is to convert his workshop into a large shoe distribution warehouse.

View original language description ↓
A sus 53 años, el señor Héctor Daniel se dedica desde hace 40 años a la labor de zapatero, gracias a su padre quien se dedica a esta misma actividad y le brindó todos los conocimientos necesarios para que tuviera su propio taller. La jornada de trabajo del señor Héctor Daniel es de lunes a sábado desde las 8:00 a.m hasta las 6:00 p.m en compañía de su esposa e hija menor quienes le colaboran. Con el ánimo de mejorar sus ventas y con estas su calidad de vida, el señor Héctor Daniel necesita de la compra de insumos tales como pegas, suelas, telas y cuero con lo cual pueda fabricar nuevos estilos de zapatos para ofrecer a sus clientes. El sueño del señor Héctor Daniel es convertir su taller en una gran distribuidora de zapatos.

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
  • 244
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,919.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Hector Daniel to buy adhesives, soles, fabrics, leather, and other supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013