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Victor Alfonso
The best words to describe Víctor are enterprising and charismatic. He is young man who despite his age has managed to set up his own business aiming at earning his own income and contribute economically to his home.

His mother is a single mother head of household and besides that Víctor has three siblings with Down’s syndrome so he’s the only support for his home. Because income generated by his mother in her job is insufficient to cover all household expenses, Víctor decided to contribute in whatever way possible so he opened a general store where he sells basic staple items, snacks and candy. Víctor has had the store for about a year and a half and it’s been growing rapidly primarily thanks to the good service Víctor gives his customers.

Víctor is looking for a loan that will give him the opportunity to do some physical upgrades to the store to make it bigger and to buy a refrigerator to be able to sell items that need to be refrigerated. In this way, Víctor will increase sales because he’ll have more products and will make his store more attractive to customers too.

In addition, Víctor hopes that with higher income his family will enjoy a better quality of life and greater opportunities to continue making progress.
View original language description ↓
Emprendedor y carismático son las mejores palabras para describir a Victor, un joven que a pesar de su corta edad ha decidido montar su propio negocio con el ánimo de generar sus propios ingresos y contribuir económicamente en su hogar. Su madre es una madre soltera cabeza de familia, y además de esto, Victor tiene 3 hermanos con síndrome de down, por lo que es su único apoyo en su hogar. Debido entonces a que los ingresos que genera su madre en el empleo no son suficientes para poder sostener todos los gastos de su hogar, Victor decidió contribuir de la manera en que fuera posible y así montó su tienda general donde ofrece productos de la canasta familiar, snack y dulces. Hace aproximadamente 1 año y medio desde que Victor tiene su tienda y esta ha venido creciendo rápidamente, motivada principalmente por la buena atención que ofrece Victor a sus clientes. Con el ánimo de seguir creciendo en su tienda y ofrecer un mejor servicio a sus clientes, Victor busca que un préstamo le brinde la oportunidad de acceder a realizar algunas adecuaciones locativas en su tienda para hacerla más amplia y comprar un refrigerador para ofrecer productos que requieren de estar refrigerados.

De esta manera Victor aumentará sus ventas puesto que ofrecerá mayores productos y así también hará más atractiva su tienda para los clientes. Además, Victor espera que con mayores ingreos su familia pueda gozar de una mejor calidad de vida y mayores oportunidades económicas para seguir progresando.

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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,859,000
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Victor Alfonso to buy a refrigerator and to make physical changes to the locale.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014