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Bernardo Antonio
Without having much capital but with a strong wish to get ahead, Bernardo opened his own pub a few months ago at the town’s main park where he offers all kinds of beverages to his customers.

Bernardo is married and has an 8 year old son who he has always wanted to provide a good quality of life and better economic opportunities for. Bernardo, aiming to move his family ahead, decided to open a pub with a friend where he currently works and which has made it possible for him to earn a bit of income that has improved his family’s quality of life. Given the little capital he had to set the business up, Bernardo is now looking for a loan that will make it possible for him to buy chairs for the bar and to replace the business’ television set which is old and broken.

Bernardo hopes this way that his business will be more attractive to customers so that sales will increase thus increasing income for his home. Bernardo dreams with having a great business from which he can offer his family greater economic stability and greater opportunities to make progress.
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Sin contar con mucho capital, pero con muchas ganas de salir adelante, Bernardo inició desde hace unos meses su propio bar en el parque principal de su municipio, donde ofrece toda clase de bebidas a sus clientes. Bernardo se encuentra casado y tiene un hijo de 8 años de edad, a quien siempre le ha querido ofrecer una buena calidad de vida y mayores oportunidades económicas. Bernardo, con el ánimo de sacar su familia adelante, decidió montar junto con un amigo el bar donde actualmente trabaja y el cual le ha permitido tener unos ingresos con los cuales ha mejorado la calidad de vida de su familia. Dado el poco capital con el que fue montado su negocio, Bernardo actualmente busca un préstamo que le brinde la posibilidad de acceder a la compra de sillas para su bar y cambiar el televisor del negocio ya que el que tiene se encuentra viejo y averiado.

Bernardo espera que de esta manera su negocio sea más atractivo para sus clientes, de modo que pueda generar mayores ventas y por ende poder seguir aumentando los ingresos en su hogar. Bernardo sueña con tener un gran negocio desde el cual pueda ofrecer a su familia mayor estabilidad económica y mayores oportunidades de progreso.

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
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD
A loan of $875 helped Bernardo Antonio to buy chairs and replace the television set.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 8, 2012
Currency Exchange Loss:
May 8, 2012