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Alberto Rodrigo
Alberto opened his store about ten years ago after a friend generously gave him the business. He sells soft drinks and liquor from a hut. Through his earnings Alberto is able to guarantee having enough money to support his home where he lives with his wife and two children. Because he offers good service he has been able to obtain a good number of customers and makes a lot of sales.

Because the business is in the open air, Alberto hasn’t been able to fit the business with tables and chairs for the comfort of his customers. Similarly, he has had nowhere to keep the furniture so it doesn’t get stolen overnight. Now he has a place where it can be kept safely, Alberto is seeking a loan to buy tables and chairs so he can attract more customers.

He hopes in this way to earn more money as his business will be more attractive. He will then be able to provide his wife and children with a better quality of life. His dream is to own a big store where he can sell a greater variety of products and give jobs to people who most need them.
View original language description ↓
Alberto inició con su tienda hace aproximadamente 10 años, gracias a que un amigo suyo le regaló el negocio donde trabajaba. De allí, Alberto inició con el negocio que es una choza donde ofrece gaseosas y licores a sus clientes. Alberto, gracias a este negocio, puede garantizar los ingresos necesarios para el sostenimiento de su hogar donde convive con su esposa y sus 2 hijos. Alberto, gracias a la buena atención que ofrece, ha podido captar muy buen número de clientes, y gracias a esto ha tenido muy buenas ventas. Debido a que el negocio es al aire libre, Alberto no ha podido adecuar su negocio con algunas mesas y sillas para la comodidad de los clientes, pues por no tener donde guardarlas las pueden hurtar en la noche. Gracias a que ahora tiene un lugar donde podría guardar las mesas y las sillas, Alberto busca que un préstamo le brinde la posibilidad de acceder a la compra de mesas y sillas para adecuar su local con estos asientos y poder así atraer más clientes.

Alberto espera que de esta manera pueda generar mayores ingresos, pues podrá ser más atractivo su negocio para los clientes. Además, Alberto espera que con mayores ingresos pueda ofrecerles a su esposa y sus 2 hijos una mejor calidad de vida. Alberto sueña con tener un gran negocio ubicado en un local más grande y donde pueda ofrecer mayor variedad de productos, además de poder generar 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
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,025 helped Alberto Rodrigo to buy tables and chairs for his business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Expired:
Apr 1, 2012