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Carlos Mario
Entrepreneurial and visionary are the words that best describe Carlos Mario, a person that in spite of that fact that he doesn't come from a wealthy family has had the strength to get ahead and gibe his parents a better quality of life.
Carlos Mario used to work at a dressmaking shop, but he didn't want to continue to work there because he didn't get paid well. Since then he started a general store, in which he only sold vegetables at the beginning. Because Carlos Mario knew how to manage his money, he saved most of the income and re-invested it in the business and now he also sells basic groceries. Carlos Mario now has small savings and hopes to buy display cabinets to show his products at the store. However, he doesn't have enough money to buy them and also buy merchandise to stock the store, so he hopes a loan gives him the access to a display cabinet and to buy basic groceries to stock it. Carlos Mario hopes that this way his sales will increase considerably, because the store will be more presentable to his clients, who will be able to find a larger variety of products. Carlos Mario dreams to see his parents enjoy a better quality of life and hopes that with the good income form the store he can offer this to them. He also hopes one day to be able to own a supermarket and employ people with needs.
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Emprendedor y visionario son las mejores palabras con las que se pueden describir a Carlos Mario, una persona que a pesar de no proceder de una familia con abundancia económica ha tenido la fortaleza suficiente para salir adelante y poder aportarle a sus padres una mejor calidad de vida. Carlos Mario anteriormente trabajaba en un taller de confección, en el cual no quiso seguir trabajando debido a lo mal remunerado que era. Desde entonces, montó una tienda general, en la cual al principio solo vendía legumbres. Gracias a que Carlos Mario supo administrar su dinero, ahorró la mayor parte de sus ingresos y los reinvirtió en su negocio, y ahora también vende productos de la canasta familiar. Carlos Mario ahora tiene unos pequeños ahorros y espera comprar unas vitrinas para exhibir sus productos en su tienda. Sin embargo, no cuenta con el dinero suficiente para poder comprar las vitrinas y comprar la mercancía para surtir su negocio, por lo que espera que un préstamo le brinde la posibilidad de acceder a la compra de una vitrina para exhibir sus productos y a la compra de productos de la canasta familiar para surtir esta vitrina.

Carlos Mario espera que de esta manera sus ventas aumenten considerablemente, pues su negocio estará mejor presentado para sus clientes, quienes podrán encontrar mayor variedad de productos en su tienda. Carlos Mario sueña con que sus padres puedan disfrutar de una mejor calidad de vida, y espera que con unos buenos ingresos de su tienda el se los pueda ofrecer. Además, Carlos Mario tiene el sueño de montar un gran supermercado en el cual pueda generar mucho empleo para las personas más necesitadas.

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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,630,925
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Carlos Mario to buy a display cabinet to showcase products and buy basic groceries to stock the cabinet.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Feb 5, 2012
Currency Exchange Loss:
Aug 19, 2013