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German Andres
Germán is an enterprising youth despite his young age, and he is the owner of his own business. He has the opportunity to contribute economically to his home and to improve his parents' quality of life. Germán has always been characterized by being very hard-working, and this is reflected in the fact that his business is characterized by the good service that he offers. He learned this work from a friend who invited Germán to learn at his side. Later, he decided to start his own business and have a source of income to contribute to his home. He attends to his business in the afternoons. In the mornings, he studies chemical engineering, which he can pay for thanks to the income from his business. With the inspiration of offering better service every day, Germán is looking for a loan that will offer him the opportunity to purchase videogames, movies, and parts to repair videogames at his business.

Germán hopes that his business will keep progressing and growing like it has been doing. He hopes that with more income, his parents will be able to enjoy a better quality of life and that he can keep paying for college. Germán dreams about having a large business with several focuses where he can generate jobs for the people that need them most.
View original language description ↓
German es un joven emprendedor que a pesar de su corta edad ya es dueño de su propio negocio y tiene la oportunidad de contribuir económicamente en su hogar para mejorar la calidad de vida de sus padres. German siempre se ha caracterizado por ser muy trabajador y esto se ve reflejado en que su negocio es caracterizado por el buen servicio que ofrece. German tiene un negocio donde alquila películas, vende videojuegos y ofrece el servicio de reparación de videojuegos a sus clientes. La actividad la aprendió de un amigo que la sabía hacer e invitó a Germán para que la aprendiera a su lado, así fue como posteriormente tomó la decisión de montar su propio negocio y tener una fuente de ingresos para contribuir en su hogar. El negocio lo atiende en las horas de la tarde, pues en las mañanas estudia ingeniería química la cual puede pagar gracias a los ingresos que le da su negocio. Con el ánimo de ofrecer cada día un mejor servicio, German busca que un préstamo le brinde la oportunidad de acceder a la compra de videojuegos, películas, y repuestos para el servicio de reparación de videojuegos en su negocio.

German espera que su negocio siga saliendo adelante y siga creciendo como lo ha venido haciendo. Espera que con mayores ingresos sus padres puedan gozar de una mejor calidad de vida y pueda seguir pagando sus estudios universitarios. German sueña con tener un gran negocio con varios puntos de atención, y donde pueda 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
  • 416
    View loans »
    Colombia Loans Fundraising
  • $16,314,875
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped German Andres to buy videogames, movies, and parts for repairing videogames at his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Apr 1, 2012
Currency Exchange Loss:
Aug 15, 2012