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Pedro José
The best word to use to characterize Pedro is entrepreneur; he’s a person who has always been a fighter and determined to get ahead. Pedro is 42 years old, married and the father of two children. He’s known in his sector for having great charisma and because he always wants to help out other people.

Pedro currently works making candied peanuts and coconut candies. Thanks to this activity he’s able to generate the necessary income to cover all his household obligations. He’s been in this business for about 15 years and thanks to Pedro’s dedication to work his business sells his products in other cities near to where he produces them.

Pedro is currently facing the inconvenience that the vehicle he uses to transport the merchandise to the other towns is in need of repair but he does not have enough money to repair it. This is why Pedro is hoping for a loan that will make it possible to repair the vehicle’s engine so that he can continue to sell his products and continue to earn income needed to support his home.

Pedro has a great dream: that his children can access a good education so that in the future they will be able to enter the university so that they can have well-paying jobs and not have to go through the adversities he’s had to go through.
View original language description ↓
Emprendedor es la mejor palabra con la que se puede caracterizar a Pedro, una persona que siempre ha sido luchadora y con ganas de salir adelante.
Pedro, con 42 años, casado y padre de 2 hijos, es una persona reconocida en su sector por tener un gran carisma y por siempre querer colaborarles a las demás personas.
Pedro actualmente se dedica a la producción de maní confitado y de bombones de coco, y gracias a esta actividad es que genera los ingresos necesarios para cubrir las obligaciones de su hogar. En esta actividad lleva aproximadamente 15 años, y gracias a la dedicación por el trabajo que tiene Pedro, su negocio vende los productos a otros municipios cercanos de donde se encuentra la producción.
Pedro actualmente presenta el inconveniente de que el vehículo donde transporta la mercancía hacia los otros municipios se encuentra averiado, pero no cuenta con el dinero suficiente para su reparación. Es por esto que Pedro aspira a que un préstamo le brinde la posibilidad de acceder a la reparación del motor de su vehículo para poder así seguir comercializando sus productos, y seguir obteniendo los ingresos necesarios para el sostenimiento de su hogar.
Pedro tiene un gran sueño y es el de que sus hijos puedan acceder a una buena educación, y que en un futuro, tengan la oportunidad de ingresar a una educación universitaria que les permita obtener un empleo con una buena remuneración, y que no tengan que pasar por las adversidades que ha tenido que pasar el.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Pedro José to repair his vehicle's engine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012