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Javier
Javier is a person characterized as being very hardworking. He always wants to offer his family a better quality of life. Javier is married and the father of one two year old son who is his motivation for working hard at his business every day. Javier works at a food stand. He learned to do this work because his sister had a food stand and she taught him about it. Javier put his locale where he can serve his customers more conveniently and this led to him increasing his sales considerably. Right now, Javier has good sales, to the point that he can't serve any more customers in his locale because it's at maximum capacity. Javier wants to relocate to a locale that is nearby because it is bigger, and he needs to make some improvements on that locale so the kitchen will be more convenient and the locale more pleasing. That is why Javier is hoping for a loan to afford him the possibility os making improvements on the locale to make it more attractive and pleasing to his customers.

Javier hopes that his income will increase considerably. He'll be able to us serve more customers that don't fit in his locale now. Javier hopes that the loan will allow him to continue his business without his monthly income being affected and in this way keep offering his son and his wife a better quality of life and better opportunities to progress.
View original language description ↓
Javier es una persona que se ha caracterizado por ser muy trabajador y siempre querer brindar a su familia una mejor calidad de vida. Javier se encuentra casado y es padre de 1 hijo de 2 años, quien es su motivación para trabajar fuertemente en su negocio todos los días. Javier se dedica a la atención de un puesto de comidas, el cual aprendió a trabajar gracias a que su hermana también tiene un puesto de comidas y le enseño a trabajarlo. Javier se ubicó en un local donde puede ofrecer a sus clientes una mayor comodidad y con esto logró aumentar sus ventas considerablemente. Actualmente, Javier tiene muy buenas ventas, hasta el punto en que su local ya no puede atender más clientes porque la capacidad llega a su máximo. Con el ánimo de pasarse de local para uno que queda cerca, el cual es más amplio, Javier requiere hacerle algunas adecuaciones locativas al local, de modo que la cocina quede más cómoda y el local quede más agradable. Es por esto que Javier aspira a que un préstamo le brinde la posibilidad de acceder realizar mejoras locativas al local para poder hacerlo más atractivo y agradable para sus clientes.

Javier espera que sus ingresos aumenten considerablemente, pues podrá atender más clientes que ahora no caben en el local. Javier espera que el préstamo le permita continuar su negocio sin que se vean afectados sus ingresos mensuales y de esta manera pueda seguir ofreciendo a su hijo y a su esposa una mejor calidad de vida y mayores oportunidades de progreso.

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Javier to make improvements on his locale to make it more attractive and pleasing for his customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014