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Mario has always been known for being charismatic and a hard worker. He is married with five children, and has always tried to provide them with the best education possible. Mario has spent much of his life working in agriculture, thanks to his father who taught him the trade when he was very young. Currently, Mario is in the business of selling legumes, fruits and vegetables in the city market. Through his business he is able to generate enough income to support his household. Mario is famous for the good customer service he offers, which means he has many good customers and a high sales volume. In order to stock his business well, Mario is seeking a loan to buy legumes, fruits and vegetables. His aim is to offer more variety to his customers.

He is hoping to increase his sales considerably by giving his customers better service. Mario also wants to increase his income so the family can have a better lifestyle and more economic opportunities.
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Mario es una persona que siempre se ha caracterizado por su gran carisma y ser muy trabajador. Mario se encuentra casado y es padre de 5 hijos a quienes siempre les ha querido ofrecer la mejor educación posible. Mario se ha dedicado gran parte de su vida a las actividades de la agricultura, gracias a que su padre se dedicó a esta actividad y se la enseñó desde muy temprana edad. Actualmente, Mario se dedica a la actividad de la comercialización de legumbres, frutas y verduras en la plaza de mercado de su ciudad, y gracias a esto genera los ingresos necesarios para el sostenimiento de su hogar. Mario es muy reconocido por la buena atención que ofrece, y gracias a esto ha podido garantizar muy buena clientela que le producen muy buenas ventas. Con el ánimo de surtir su negocio, Mario busca que un préstamo le brinde la oportunidad de acceder a la compra de legumbres, frutas y verduras para surtir su negocio y poder ofrecer mayor variedad de productos a sus clientes.

Mario espera que de esta manera sus ventas aumenten considerablemente, pues podrá atender mejor sus clientes y esto se traducirá en mejores ventas. Además, Mario espera que con mayores ingresos su familia pueda gozar de una mejor calidad de vida y mayores oportunidades económicas.

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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Mario to buy legumes, fruits and vegetables to offer more variety to customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 22, 2012
Apr 2, 2012
Currency Exchange Loss:
Mar 15, 2013