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Rogelio
Rogelio learned carpentry approximately 30 years ago because his older brothers did this work and taught it to him at a very young age. Thanks to this he learned to make very good-quality products in his brother's workshop. Later he decided to set up his own shop, making the most of the experience he had in making good-quality products. The business he started went bankrupt very quickly because of severe problems with violence in the town, so he had to work in different carpentry workshops as an employee, and earning very low salaries.

About two years ago he decided once again to open his own shop, to try his luck again and be able to work on his own and earn a higher salary than working as an employee. Currently Rogelio is married and has five children, and his shop continues to grow thanks to the good quality of products he makes there. In addition, his family has been able to have a better quality of life thanks to Rogelio's increase in income.

With the intention of delivering the orders his customers have made, Rogelio is looking for a loan that gives him the opportunity to buy wood to make his products. In this way he will be able to continue to deliver his customers' orders and have a good job with a good salary. In addition, if his shop continues to grow, he hopes that with more income his family will be able to enjoy a better quality of life and his five children will have access to a better-quality education.
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Rogelio aprendió la actividad de la carpintería hace aproximadamente 30 años, pues sus hermanos mayores se dedicaban a esta actividad y se la enseñaron desde muy temprana edad. Gracias a esto, aprendió a hacer productos de muy buena calidad en las carpinterías de su hermano, y posteriormente decidió montar su propia carpintería aprovechando la experiencia que tenía en fabricar productos de muy buena calidad. El negocio que montó quebró al poco tiempo debido a los fuertes problemas de violencia que habían en su municipio, y por esto se vio obligado a trabajar en diferentes carpinterías como empleado y ganándose salarios muy bajos. Hace aproximadamente 2 años decidió volver a abrir su propia carpintería para probar de nuevo suerte y poder trabajar para su propia cuenta y ganándose un salario más alto que trabajando como empleado. Actualmente, Rogelio se encuentra casado y tiene 5 hijos y su carpintería sigue creciendo gracias a la buena calidad de los productos que allí fabrica. Además, su familia ha podido tener una mejor calidad de vida gracias al aumento en los ingresos de Rogelio. Con el ánimo de entregar pedidos que le han hecho sus clientes, Rogelio busca que un préstamo le brinde la oportunidad de acceder a la compra de madera para la fabricación de sus productos.

De esta manera podrá seguir entregando los pedidos que le hacen sus clientes y seguir teniendo un buen trabajo con un buen salario. Además, si su taller sigue creciendo espera que con mayores ingresos su familia pueda gozar de una mejor calidad de vida y sus 5 hijos tengan acceso a una educación de mejor calidad.

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
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Rogelio to buy wood to make his products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012