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Jorge Ivan
Enterprising is the best way to describe Jorge Ivan, someone who, thanks to his charisma and desire to get ahead, has progressed as a businessman, doing the job that he likes the most.

Jorge Ivan is 43 years old, he is married and is a father to 2 children. He worked in a city gymnasium for more than 12 years, as the person responsible for setting up and maintaining the equipment. Jorge Ivan did not want to continue doing this job due to the poor pay. He decided to go down the road of independence and he set up his own workshop for gymnasium equipment, where he manufactures and performs maintenance for several gymnasiums in the city. This provides Jorge Ivan with the necessary income to maintain his household.

Jorge Ivan currently has a contract to deliver some gymnasium machines to a very good customer of his and he needs more raw material to complete the production of this and other machines. However, he does have enough money due to the fact that his customer will pay him once the machine is delivered. Therefore Jorge Ivan is hoping that a loan will provide him with the possibility to purchase raw materials such as iron and metal among other items, for the production of the machines for the gym.

Jorga Ivan is hoping that his business will grow and become a point of reference in the region so that he will be able to generate employment for people who need it most and also to generate sufficient income for the progression of his family. Jorge Ivan dreams of providing his wife with a better quality of life and providing his 2 children with access to quality education. He dreams that his family will have economic security in the future, allowing them to overcome adverse situations, like those which he has surpassed in life.
View original language description ↓
Emprendedor es la mejor manera de reconocer a Jorge Ivan, una persona que gracias a su carisma y ganas de salir adelante, ha progresado como un nuevo empresario en la actividad que tanto le ha gustado.
Jorge Ivan, con 43 años de edad, casado y padre de 2 hijos, trabajó durante más de 12 años en un gimnasio de la ciudad, donde laboraba como la persona encargada del montaje y el mantenimiento de los equipos. Jorge Ivan no le gustó seguir adelante con ese empleo debido a que era muy mal pago.
Jorge Ivan decidió tomar al camino de independizarse, y montó su propio taller de máquinas para gimnasio, donde fabrica las máquinas y también le hace mantenimiento a las máquinas de varios gimnasios de la ciudad. Gracias a esto, Jorge Iván genera los ingresos necesarios para el sostenimiento de su hogar.
Jorge Iván actualmente tiene un contrato para entregar unas máquinas de gimnasio con un muy buen cliente suyo, y requiere de más materia prima para culminar la elaboración de este y otras máquinas más. Sin embargo, no cuenta con suficiente dinero puesto que su cliente le paga una vez entregada la máquina, es por esto que Jorge Ivan tiene la esperanza puesta en que un préstamo le brindará la posibilidad de acceder a la compra de materias primas como hierro, metal, entre otros, para la elaboración de las máquinas para el gimnasio.
Jorge Ivan sueña con que su negocio crezca y se consolide como un referente en la región, de modo que pueda generar empleo para las demás personas que más lo necesitan y también genere suficientes ingresos para progresar con su familia.
Jorge Ivan sueña brindándole a su esposa una mejor calidad de vida, y a sus 2 hijos el acceso a una educación de calidad. Jorge Ivan sueña con que su familia en un futuro tenga una estabilidad económica que les permita evitar pasar por situaciones adversas como las que ha tenido que pasar el en la vida.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,812.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Jorge Ivan to buy raw material for the production of gymnasium equipment.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012