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Andres Felipe
Andres is a young man, who is well-known in his family and by the residents of his neighborhood, for having outstanding musical talent. Since he was young he has been excited about making music, being in a band and selling the product of his artistic talent. He belonged to a band some time ago that made a CD to sell that he and his family are very proud of. Andres has always wanted to contribute to the household income as well as record a CD to sell to generate income so he can contribute to the household expenses. Since he is just starting out in the music business, Andres is short on money to finish paying off the CD he recorded with his band. He has already done many things to generate income, from participating in the lottery to working in sales but there aren't any other opportunities. He has high hopes that a loan will allow him to finish paying for the recording costs of the CD so that he can reproduce and distribute it.

Andres has always dreamed that his family will have a better quality of life and hopes that this will provide new income so he can start fulfilling that dream.
View original language description ↓
Andres es un joven que es reconocido en su familia y por los habitantes del sector, por tener un muy buen talento para la música.
Desde muy pequeño se ha visto entusiasmado con el hecho de hacer música, pertenecer a una banda y vender el producto de su dote artístico.
Hace un tiempo que pertenece a una banda, donde realizaron un CD para sacarlo a la venta, lo que es un gran orgullo tanto para el como para su familia.
Andres siempre ha querido aportar ingresos para su hogar, por lo que siempre ha querido grabar un CD y sacarlo a la venta, de modo que le genere ingresos y pueda aportar a los gastos de su hogar.
Debido a que apenas están iniciando en el ámbito de la música, Andres se ha visto muy corto de dinero para poder terminar el pago del CD que grabó con su banda. Ya ha hecho muchas maneras de generar ingresos, tanto en rifas, como vendiendo cualquier productos, pero ahora, ya no le queda otra oportunidad que acudir con las esperanzas puestas en que un préstamo le permitirá acceder a terminar de pagar el costo de la grabación del CD para que así puedan reproducirlo y sacarlo a la venta.
Andres siempre ha soñado con que su familia tenga una mejor calidad de vida, y espera que con esto sean unos nuevos ingresos que le permitan iniciar el cumplimiento de este sueño.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,824.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Andres Felipe finish paying the recording costs for the CD he made with his band so he can start reproducing it to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Feb 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013