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Ermires
Ermires is a person who has always been characterized by being very hardworking. This quality has made it possible for him to get ahead despite adversities life has presented him.

Ermires is married and has two children who are 3 and 5 years old who he’s always wanted to provide a good quality of life and a better education for.

Thanks to a friend who taught him some time ago, Ermires learned cabinet making and since then has worked in this activity earning income needed to support his home.

His difficulty is that the income he generates for his home, children and wife is often very low so he needs to earn a bit more. Because of this he’s constantly looking for ways to offer his customers better service so that he can continue to grow and have more customer orders.

With the aim of offering better customer service, Ermires is looking for a loan that will make it possible for him to buy work tools like drills and to service the tools he already has.

Ermires hopes that this way he will continue to generate the income his home needs to offer his children a better quality of life and better economic opportunities.

Ermires dreams with having a house of his own and this is why he works hard at his business every day to reach it and offer his children stability in a home of their own.
View original language description ↓
Ermires es una persona que siempre se ha caracterizado por ser muy trabajador, y esta cualidad le ha permitido salir adelante a pesar de las adversidades que le ha presentado la vida. Ermires se encuentra casado y tiene 2 hijos de 3 y 5 años de edad, a quienes siempre les ha querido ofrecer una buena calidad de vida y el acceso a una mejor educación. Ermires, gracias a un amigo que le enseñó la actividad desde hace un tiempo, aprendió a trabajar la ebanistería, y desde entonces se ha dedicado a esta actividad con la cual genera los ingresos que requiere para el sostenimiento de su hogar. Ermires tiene la dificultad de que a menudo genera muy bajos ingresos para su hogar y sus hijos y su esposa requieren de un poco más aporte económico, por lo que busca constantemente la manera de ofrecer a sus clientes un mejor servicio para poder seguir creciendo y tener más pedidos de sus clientes. Con la finalidad de ofrecer un mejor servicio para sus clientes, Ermires busca que un préstamo le brinde la posibilidad de acceder a la compra de herramientas de trabajo como taladros y hacerle mantenimiento a las que tiene.

Ermires espera que de esta manera siga generando los ingresos que requiere en su hogar para poder ofrecer a sus hijos una mejor calidad de vida y mayores oportunidades económicas. Ermires tiene el sueño de tener su propia casa y por esto trabaja fuertemente en su negocio todos los días para cumplirlo y ofrecerle a sus hijos una estabilidad en un hogar propio.

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

  • $6,070
    Average annual income
  • 297
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Ermires to buy new work tools and to service the ones he already has.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013