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Cristian David
Thanks to everything his father taught him about repairs, Cristian decided to start his own business fixing all kinds of appliances; the income from the business covers all his expenses and contributes economically to his household. Cristian is a young man who has always been very enterprising, and he puts a lot of care into his work, which has allowed him to attract a large clientele, who seek out his work. Cristian offers a service that is not very readily found in his town; there are few similar businesses, which means he gets a good part of the work in his town and that he makes very good sales. Cristian's work is known for its high quality, and he has a very good reputation with his clients, so his business has been growing little by little. With the aim of offering his clients good quality work, Cristian is seeking a loan so he can buy more spare parts for his business and do some remodelling of his business premises.

Cristian hopes his business will keep growing and that it will continue to bring in the income necessary to sustain him and bring home money to his family. Moreover, Cristian is looking for a bigger premises where he can make his business more attractive to his clients and thereby keep growing to the point where he can generate employment and contribute to improving other people's quality of life.
View original language description ↓
Gracias a las enseñanzas que le ha dado su padre acerca de la actividad, Cristian decidió montar su propio negocio de reparación de todo tipo de electrodomésticos y con el cual genera ingresos con los cuales sostiene todos sus gastos y contribuye económicamente en su hogar. Cristian es un joven que siempre se ha caracterizado por ser muy emprendedor y ponerle mucho amor a los trabajos que realiza, lo que le ha permitido captar una gran cantidad de clientes que siempre buscan su trabajo. Cristian ofrece un servicio que en su municipio no es muy común y del cual no existen muchos negocios similares, lo que le permite tener una gran parte de la demanda del municipio y por ende muy buenas ventas. Los trabajos de Cristian siempre se han caracterizado por ser de muy buena calidad, y esto le ha permitido tener muy buena reputación entre sus clientes, y esto ha su vez le ha permitido ver como su negocio ha crecido poco a poco. Con el ánimo de seguir ofreciendo a sus clientes una buena calidad en sus trabajos, Cristian busca que un préstamo le brinde la oportunidad de acceder a la compra de repuestos para su negocio y a realizar algunas adecuaciones locativas en el mismo.

Cristian espera que su negocio siga creciendo poco a poco y este le siga brindando los ingresos necesarios para su sostenimiento y aportar económicamente en su hogar. Además, Cristian espera tener un gran local donde pueda hacerse más atractivo el negocio para los clientes y de esta manera siga creciendo hasta el punto de poder generar empleo y contribuir a mejorar la calidad de vida a distintas personas.

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
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Cristian David to buy spare parts for his business and to remodel his business premises.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013