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Omar De Jesus
Omar is known in his industry as a person who works hard every day to generate enough income to support his household, where he lives with his wife and three children. He has always wanted his business to be famous for good service and quality products, and Omar's customers claim his service is always the best.

Omar's dream is to give his children a good education, and so he is always seeking to generate more income to be able to save for this purpose. He sells food and juices in the city center and thanks to this business he is able to make enough income.

He believes a loan will give him the opportunity to buy more food and needed ingredients to make juices which will mean increased sales and more income.

By inceasing sales and business he will be able to give his wife and three children a better quality of life and his children will receive the best education possible.
View original language description ↓
Omar es conocido en el sector donde trabaja por ser una persona que se esfuerza todos los días con tal de generar los ingresos necesarios para el sostenimiento de su hogar, donde convive con su esposa y sus 3 hijos.
Omar siempre ha querido que su negocio sea reconocido por su buen servicio y la calidad de sus productos, y los clientes de Omar manifiesta que su servicio siempre es el mejor.
Omar sueña con que sus hijos puedan acceder a una buena educación, y es por esto que siempre quiere generar ingresos extras para poder ahorrar para ello.
Omar se desempeña en la venta de alimentos y jugos en el centro de la ciudad, y gracias a esta actividad genera los ingresos necesarios.
Omar aspira a que un préstamo le brinde la oportunidad de acceder a la compra de más productos como alimentos y los insumos necesarios para la preparación de sus jugos, de modo que sus ventas se incrementen y su negocio le genere más ingresos.
Omar aspira que con el aumento en sus ventas, su negocio le generará ingresos que le permitirán brindarles a su esposa y a sus 3 hijos la mejor calidad de vida, además de poder brindarles a sus hijos la mejor educación posibles.

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
  • 541
    View loans »
    Colombia Loans Fundraising
  • $14,918,625
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Omar De Jesus to buy merchandise such as food and ingredients to make juices.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012