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William Ivan
William has dedicated a great part of his life looking to generate his own income. That is why he has started various different businesses like washing machine services, selling “arepas” (stuffed corn patties), and lastly, a business selling shoes.

William learned the business of selling shoes when he worked in this type of store. Thanks to the experience that he got, he started his own business selling shoes. William is known for being a person who has always given his wife and relatives the best well-being possible. It is for them that he works extremely hard in his business.

William dreams of being a great businessman, of having his business grow and get stronger, and that his customers keep him in mind when they buy shoes. His customers say that William sells excellent quality products. Also, his service is always the best compared to other stores.

William dreams that when his business has high levels of sales he will be able to hire a lot of people who cannot find employment at other businesses. He will be able to impact their lives by improving their standard of living.

With the arrival of the school year, William needs to buy school shoes. However, he does not now have enough money to buy the quantity that his customers demand. That is why William hopes that a loan will allow him to buy seasonal school shoes. That way his business will continue growing in order to generate great income. Then he will be able to fulfill his dream of improving the quality of life for many people.
View original language description ↓
William se ha dedicado gran parte de su vida a buscar generar sus propios ingresos. Es por esto que ha montado varios negocios de diferentes características, como son un servicio de lavadoras, venta de arepas, y últimamente un negocio de venta de calzado. William aprendió la actividad de la venta de calzado cuando trabajó en un almacén de estas características, y gracias a la experiencia que adquirió allí montó su propio negocio de venta de calzado. William es reconocido por ser una persona que siempre ha querido brindar el mayor bienestar posible a sus familiares y su esposa, y es por estos por quienes trabaja fuertemente en su negocio. William sueña con ser un gran empresario, con que su negocio crezca y se consolide en su sector, y que sus clientes lo tengan como un referente a la hora de comprar el calzado. Sus clientes manifiestan que William vende unos productos de excelente calidad, y además su servicio siempre es el mejor respecto a otros almacenes. William sueña con que cuando su negocio tenga grandes niveles de ventas, pueda contratar a muchas personas que no encuentren una oportunidad de empleo en otras empresas, y el les pueda impactar su vida mejorándoles su calidad de vida. Con la llegada de la temporada escolar, William requiere de la compra de calzado escolar, sin embargo, en el momento se encuentra sin el capital suficiente para comprar la cantidad que sus clientes demandan. Es por esto que William aspira a que un préstamo le permita acceder a comprar el calzado escolar para la temporada, y así su negocio siga creciendo para que genere grandes ingresos y pueda cumplir su sueño de mejorarle la calidad de vida a muchas personas.

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
  • 342
    View loans »
    Colombia Loans Fundraising
  • $14,070,600
    Funds lent in using Kiva
  • 1,836.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped William Ivan to buy school shoes to sell to his customers at the start of the school season.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2012
Listed
Jan 20, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013