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Javier Honorio
Javier is an instinctive person who has been able to generate the necessary income to support his family through various activities. He is the father of four children for whom he cares since their mother abandoned them awhile ago. This means that all of the responsibility of guaranteeing them the best quality of life possible falls to Javier. Thanks to his friendliness and the good service that he offers, Javier is known in his town, and this lets him have very good sales. Javier buys and sells wood and transports merchandise for customers that ask him to. Thanks to having his own cart, he has a large space to transport this merchandise, which gives him an advantage over his competition, which often makes him preferred by many people. Javier is looking for a loan that will let him implement his vehicle with a gas system that will save him fuel costs.

He hopes that in this way, his income will not be consumed so quickly. He will not have to spend large amounts of money on gas for his vehicle anymore. He dreams about having a good business and offering his children a good education that prepares them for good-paying jobs.
View original language description ↓
Javier es una persona rebuscadora que entre varias actividades ha conseguido generar los ingresos necesarios para el sostenimiento de su familia. Javier es padre de 4 hijos quienes están a su cargo debido a que su madre los abandonó hace un tiempo, lo que hace que toda la responsabilidad caiga sobre Javier y les deba garantizar la mejor calidad de vida posible. Gracias a la amabilidad que lo caracteriza, y al buen servicio que ofrece, Javier es reconocido en su municipio y esto le ha permitido tener muy buenas ventas. Javier se dedica a la compra y venta de madera, y al transporte de mercancía o acarreos cuando sus clientes se lo piden. Gracias a que cuenta con un carro el cual tiene un gran espacio para el transporte de estas mercancías, Javier tiene una ventaja sobre su competencia lo que hace que a menudo sea preferido entre las demás personas. Con el ánimo de implementar el sistema de gas para su vehículo, Javier busca que un préstamo le brinde la posibilidad de acceder a equipar su vehículo con el sistema de gas para ahorrar en el gasto que tiene de combustible.
Javier espera que de esta manera sus ingresos no se consuman tan rápidamente, pues ya no tendrá que gastar grandes sumas de dinero en combustible para su vehículo. Javier sueña con tener un buen negocio y con ofrecer a sus hijos una buena educación que lo prepare para un empleo que sea bien remunerado.

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
  • 496
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Javier Honorio to equip his vehicle with a gas system that will save him on fuel costs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013