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Norberto Antonio
Norberto es a person that has had to overcome much adversity in his life. However his desire to work has enabled to him to move forward together with his family. Before Norberto worked as a carrier for a business which made for long journey to be undertaken. He didn't have much contact with his family and this discouraged him a lot. After this, the situation of public order was delicate for a time, which meant he had to abandon his job as a carrier and look for other alternatives to generate the necessary income to sustain the expenses of the household. Since then, Norberto set up a bar where he serves snacks, soda, and liquor to his customers. Additionally he has a pool table. Thanks to this work, Norberto can generate the necessary income for his wife and son and is able to spend much more time with them. Norberto, forced to set up his business with very little economic resources, he still had to purchase supplies that allowed him to offer a good service to his customers. It is for this that Norberto hopes that a loan provides him with the opportunity of accessing the purchase of a refrigerator where he can store the liquor and soda and offer them in a better state to his customers.

Norberto hopes that he is able to access this refrigerator without seeing his monthly income affected and in this way he is able to continue offering a good quality of life to his family. Norberto dreams of consolidating his business and being known by many customers and in this way be able to have bigger sales that allow him to generate employment for those most vulnerable in the region. Additionally, Norberto dreams of his business providing him the opportunity of accessing the purchase of his own home.
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Norberto es una persona que ha tenido que superar muchas adversidades en su vida, sin embargo sus ganas de trabajar le han permitido seguir adelante junto con su familia. Anteriormente Norberto trabajaba como transportador para una empresa, lo que hacía, por los largos viajes que debía realizar, que no tuviera mucho contacto con su familia, y esto lo desmotivaba mucho. Además de esto, la situación de orden público se puso delicada durante un tiempo, lo que hizo que tuviera que abandonar su actividad como transportador y buscar otras alternativas para generar los ingresos necesarios para el sostenimiento de los gastos de su hogar. Desde allí, Norberto montó un bar donde ofrece snack, gaseosas y licor a sus clientes, además de que tiene un billar. Gracias a esta actividad, Norberto puede generar los ingresos necesarios para su esposa y su hijo y poder compartir con ellos mucho más tiempo. Norberto, debido a que montó su negocio con muy bajos recursos económicos, aún tiene que comprar algunos implementos que le permitan ofrecer un buen servicio a sus clientes. Es por esto que Norberto espera que un préstamo le brinde la oportunidad de acceder a la compra de un refrigerador donde pueda almacenar los licores y las gaseosas y ofrecerlas en un mejor estado a sus clientes.

Norberto espera poder acceder a este refrigerador sin que sus ingresos mensuales se vean afectados, y de esta manera pueda seguir ofreciendo a su familia una buena calidad de vida. Norberto sueña con que su negocio se consolide y sea reconocido por muchos más clientes, y de esta manera pueda tener grandes ventas que le permitan generar empleo para las personas más vulnerables de su región. Además, Norberto sueña con que su negocio le brinde la oportunidad de acceder a la compra de su casa propia.

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
  • 363
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,700 helped Norberto Antonio to purchase a refridgerator where he can store the liquors and sodas and offer them in a better state to his clients.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Mar 5, 2012
Currency Exchange Loss:
Covered
Expired:
Apr 4, 2012